Auditor19 Aug 2026, 04:41 pm
Vikas EcoTech Appoints MASAR & Co. as New Statutory Auditor
AI Summary
Vikas EcoTech Ltd. announced the resignation of its statutory auditor, M/s KSMC & Associates, effective August 17, 2026. The Board of Directors, upon the recommendation of the Audit Committee, has appointed M/s MASAR & Co., Chartered Accountants, to fill the casual vacancy. The appointment is subject to shareholder approval at the upcoming general meeting and will be valid until the conclusion of the ensuing Annual General Meeting. The resignation of KSMC & Associates is due to the conclusion of their aggregate tenure of two consecutive terms (10 years) as per rotation requirements, and an engagement partner's unavailability for the limited review of Q1 June 30, 2026 results.
Key Highlights
- Vikas EcoTech appointed MASAR & Co. as its new statutory auditor.
- The appointment fills a casual vacancy created by KSMC & Associates' resignation.
- The change is effective August 17, 2026, pending member approval.
- KSMC & Associates resigned due to tenure completion and partner unavailability.
Price Impact
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