Auditor12 Aug 2026, 10:10 pm
Svarnim Trade Udyog Ltd: Auditor Resigns, New Auditor Appointed
AI Summary
Svarnim Trade Udyog Ltd announced the resignation of its statutory auditor, M/s. D G M S & Co., effective August 12, 2026. The company's Board of Directors accepted the resignation without any concerns raised by the auditor. Concurrently, the board approved the appointment of Ms. Nidhi Bansal as an Additional Non-Executive and Independent Director. The board also recommended the appointment of M/s. B B Gusani & Associates as the new statutory auditors to fill the casual vacancy and for a term of five years, subject to shareholder approval. The registered office of the company is also being changed.
Key Highlights
- Statutory auditor M/s. D G M S & Co. resigned effective August 12, 2026.
- M/s. B B Gusani & Associates appointed as new statutory auditors.
- Ms. Nidhi Bansal appointed as Additional Non-Executive and Independent Director.
- Company is changing its registered office location.
- Resignation of an Independent Director was also noted.
Price Impact
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