
Auditor29 May 2026, 09:39 pm
Modipon Appoints Vasu Bansal & Co. as Statutory Auditors
AI Summary
Modipon Ltd has appointed M/s Vasu Bansal & Co., Chartered Accountants, as its new Statutory Auditors, replacing M/s B.M. Chatrath & Co. LLP, following the completion of their term. The appointment is subject to shareholder approval and is for a term of five years, commencing from the conclusion of the 59th Annual General Meeting until the conclusion of the 64th AGM. Additionally, Mr. Vineet Kumar Thareja's designation has been changed to "Chief Compliance Officer, Chief Financial Officer & Company Secretary" with effect from May 29, 2026, with no changes to his existing remuneration, duties, responsibilities, and terms and conditions.
Key Highlights
- Vasu Bansal & Co. appointed as Statutory Auditors for five years, subject to shareholder approval.
- Vineet Kumar Thareja redesignated as Chief Compliance Officer, CFO & Company Secretary.
- No changes to Thareja's remuneration, duties, or terms of appointment.
- Appointment of Vasu Bansal & Co. follows completion of B.M. Chatrath & Co. LLP's term.
Price Impact
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