Gaja Alternative Asset Management Appoints Price Waterhouse as New Statutory Auditors
Gaja Alternative Asset Management's Board approved the resignation of Nangia & Co. LLP and recommended Price Waterhouse Chartered Accountants LLP as new Statutory Auditors, pending shareholder approval. The 27th AGM is on September 26, 2026. The Record Date is September 19, 2026.
The change of statutory auditors is a significant corporate action that requires shareholder approval and affects corporate governance and financial reporting oversight. The continuation of a director beyond 75 years and the scheduling of the AGM are also material events.
The change in auditors is a routine compliance requirement due to regulations and does not inherently present positive or negative financial implications.
Gaja Alternative Asset Management Limited announced key decisions made at its Board Meeting held on September 03, 2026. The Board accepted the resignation of M/s. Nangia & Co. LLP as Statutory Auditors, effective from the conclusion of the 27th Annual General Meeting (AGM). The resignation is due to the auditor rotation requirement under Section 139(2) of the Companies Act, 2013, as the company's paid-up share capital exceeded the prescribed threshold during the financial year 2025-26.
Following the recommendation of the Audit Committee, the Board proposed the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors. This appointment is subject to shareholder approval at the upcoming AGM and is for a term of five consecutive years, commencing from the conclusion of the 27th AGM until the conclusion of the 32nd AGM.
Additionally, the Board approved and recommended for shareholder approval the continuation of Mr. Upendra Kumar Sinha as a Non-Executive Non-Independent Director beyond the age of 75, in compliance with Regulation 17(1A) of the SEBI Listing Regulations. The 27th AGM has been scheduled for Saturday, September 26, 2026, at 12:00 Noon, to be conducted through VC/OAVM. The Record Date for determining dividend entitlement (subject to AGM approval for the financial year ended March 31, 2026) and for remote e-voting and e-voting at the AGM has been fixed as Saturday, September 19, 2026.
A plain-language summary of a public exchange filing by Gaja Alternative Asset Management Limited. Read the original for the full detail.