M Tek Copper Appoints M P Gohil & Co. as Statutory Auditor
M Tek Copper Limited appointed M/s M P Gohil & Co. as its new Statutory Auditor on August 12, 2026, to fill a casual vacancy. They will serve until the upcoming AGM and then for a five-year term until 2031, subject to shareholder approval.
The appointment of a statutory auditor is a critical compliance requirement for a listed company. A change in auditor, especially to fill a vacancy, can have a medium-term impact on financial reporting processes and investor confidence.
The appointment of a new statutory auditor is a routine corporate governance event. While filling a vacancy, it does not inherently indicate a positive or negative change in the company's performance or outlook.
M Tek Copper Limited (formerly Madhav Copper Limited) has appointed M/s M P Gohil & Co., Chartered Accountants, as its new Statutory Auditors. This decision was made by the Board of Directors on August 12, 2026, following a recommendation from the Audit Committee. The appointment is to fill the casual vacancy created by the resignation of the previous auditors, M/s. P G Hemani & Co.
M/s M P Gohil & Co. will initially serve as the Statutory Auditor until the conclusion of the company's upcoming Annual General Meeting (AGM). Subsequently, subject to shareholder approval at the ensuing AGM, they have also been appointed for a full term of five consecutive years, commencing from the conclusion of the 2026 AGM until the conclusion of the company's eighteenth AGM in 2031.
M/s M P Gohil & Co. has confirmed their eligibility and suitability for the role. They are a proprietorship firm of Chartered Accountants based in Bhavnagar, Gujarat, with over 17 years of experience in various financial services audits, including internal and concurrent audits. The firm possesses a valid Peer Review certificate.
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M TEK COPPER LIMITED filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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