
Auditor17 Aug 2026, 06:40 pm
Vikas EcoTech Appoints MASAR & Co. as New Statutory Auditor
AI Summary
Vikas EcoTech Ltd. announced the appointment of M/s MASAR & Co., Chartered Accountants, as its new Statutory Auditors. This appointment follows the resignation of the previous auditors, M/s KSMC & Associates. The Board of Directors accepted the resignation and, based on the Audit Committee's recommendation, approved MASAR & Co. to fill the casual vacancy. The appointment is effective from August 17, 2026, and will be valid until the conclusion of the upcoming Annual General Meeting, subject to shareholder approval. The company confirmed no material reasons for the prior auditor's resignation beyond those stated in their letter.
Key Highlights
- MASAR & Co. appointed as new Statutory Auditors.
- Appointment fills casual vacancy due to resignation.
- Term valid until the next Annual General Meeting.
- Subject to approval by the company's members.
- Previous auditors resigned due to tenure conclusion.
Price Impact
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