NOCIL Appoints Deloitte Haskins & Sells as Statutory Auditors for 5 Years
NOCIL Limited's Board approved Deloitte Haskins & Sells LLP as the new statutory auditors for a five-year term starting after the 65th AGM in July-August 2027. The current auditors, Kalyaniwalla & Mistry LLP, will conclude their term at the same AGM. The appointment requires member approval.
The change in statutory auditors is a standard procedural event for a company and typically has minimal direct impact on the company's day-to-day operations or financial performance.
The appointment of a new statutory auditor is a routine corporate governance action and does not inherently suggest a positive or negative financial outlook for the company.
NOCIL Limited announced that its Board of Directors, based on the recommendation of the Audit Committee, has approved the appointment of M/s Deloitte Haskins & Sells Chartered Accountants LLP as the company's Statutory Auditors. This appointment is for a term of five years, commencing from the conclusion of the 65th Annual General Meeting (AGM), which is expected to be held between July and August 2027, and will extend until the conclusion of the 70th AGM for the financial year 2031-32. This appointment is subject to the approval of the company's Members at the 65th AGM.
M/s Kalyaniwalla & Mistry LLP, the current statutory auditors, will continue their tenure until the conclusion of the 65th AGM, completing their second consecutive five-year term. Deloitte Haskins & Sells Chartered Accountants LLP was established in 1997 and converted to a Limited Liability Partnership (LLP) on June 2, 2012. Their registered office is located in Ahmedabad, Gujarat.
A plain-language summary of a public exchange filing by NOCIL Limited. Read the original for the full detail.