Auditor11 Aug 2026, 03:46 pm
Prakash Industries Appoints SGAJ & Associates as Statutory Auditors
AI Summary
Prakash Industries Ltd. announced the appointment of M/s. SGAJ & Associates, Chartered Accountants, as its new Statutory Auditors. This appointment follows the conclusion of the second term of the existing auditors, Chaturvedi and Co. LLP, at the upcoming 45th AGM on September 30, 2026. SGAJ & Associates will serve for a period of five consecutive years, from the conclusion of the 45th AGM until the 50th AGM in FY 2031-32. The board also approved the unaudited financial results for the quarter ended June 30, 2026, reporting a profit after tax of ₹7,127, and appointed new Senior Management Personnel.
Key Highlights
- New statutory auditors SGAJ & Associates appointed for five years.
- Existing auditors Chaturvedi and Co. LLP complete their second term.
- Appointment approved by the Board on recommendation of the Audit Committee.
- Unaudited Q1 FY27 results show PAT of ₹7,127.
- Several new Senior Management Personnel have been appointed.
Price Impact
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