Kridhan Infra Appoints U B Lakhani & Company as Statutory Auditors for 5 Years
Kridhan Infra Limited's Board approved the appointment of U B Lakhani & Company as Statutory Auditors. They will fill a casual vacancy and serve for five years from the 20th AGM to the 25th AGM, subject to member approval. The previous auditor resigned on August 31, 2026.
The appointment of statutory auditors is crucial for corporate governance and financial reporting. A change in auditors, especially to fill a vacancy, is a significant event for the company's compliance and transparency.
The appointment of a new statutory auditor is a routine corporate action and does not inherently carry a positive or negative financial implication for the company.
Kridhan Infra Limited announced the outcome of its Board of Directors meeting held on September 01, 2026. The Board, based on the recommendation of the Audit Committee, approved the appointment of M/s U B Lakhani & Company (FRN:105532W) as the Statutory Auditors of the Company.
This appointment is to fill a casual vacancy arising from the resignation of the previous auditor, Jignesh Savla & Associates, effective August 31, 2026. M/s U B Lakhani & Company will hold office until the conclusion of the ensuing Annual General Meeting, subject to member approval.
Furthermore, the Board has appointed M/s U B Lakhani & Company as the Statutory Auditors for a term of five consecutive years. This term will commence from the conclusion of the 20th Annual General Meeting and extend until the conclusion of the 25th Annual General Meeting of the Company, also subject to member approval. U. B. Lakhani & Co. is a Mumbai-based firm of Chartered Accountants established in 1979, possessing a valid Peer Review Certificate and eligibility to conduct statutory audits of listed entities.
The Board meeting commenced at 4:00 P.M. (IST) and concluded at 7:00 P.M. (IST). This information is also available on the company's website, www.kridhan.com.
A plain-language summary of a public exchange filing by Kridhan Infra Limited. Read the original for the full detail.