Nimbus Projects Appoints Doogar & Associates as New Statutory Auditors
Nimbus Projects Limited has appointed M/s Doogar & Associates as its new Statutory Auditors for a five-year term starting after the 33rd AGM. The appointment is subject to shareholder approval at the 33rd AGM. The previous auditors, M/s. Oswal Sunil & Company, are completing their tenure.
Changing auditors is a standard governance practice and typically has a low immediate impact on the company's operations or financial performance.
The change of auditors is a routine corporate event and does not inherently indicate positive or negative performance.
Nimbus Projects Limited (NPL) announced the appointment of M/s Doogar & Associates (D&A), Chartered Accountants, as its new Statutory Auditors. This decision was made by the Board of Directors at a meeting held on May 27, 2026, based on the recommendation of the Audit Committee.
M/s Doogar & Associates will serve a term of five years, commencing from the conclusion of the 33rd Annual General Meeting (AGM) until the conclusion of the 38th AGM. This appointment is subject to the approval of the company's shareholders at the upcoming 33rd AGM.
The outgoing auditors, M/s. Oswal Sunil & Company, Chartered Accountants, are completing their tenure. M/s Doogar & Associates, established in 1976, brings over four decades of professional experience in audit, assurance, taxation, risk management, consultancy, and corporate advisory services. The firm has offices in New Delhi, Mumbai, Agra, and Jaipur and is empanelled with various regulatory bodies including the C&AG and RBI. They have significant experience in auditing listed companies and financial institutions.
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Nimbus Projects 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 low impact, the band that almost never moves a portfolio on its own.
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