Popular Vehicles Appoints MSKA & Associates LLP as Statutory Auditors for 5 Years
Popular Vehicles and Services Limited appointed M/s. MSKA & Associates LLP as statutory auditors for a five-year term. The appointment was approved at the 42nd AGM on August 28, 2026, and will be effective until the 47th AGM in FY 2031-32. This change is due to the expiry of the previous auditor's term.
The change of auditor is a standard regulatory requirement and does not directly impact the company's operations, financial performance, or market position in the short term. It is a procedural change.
The appointment of a new auditor is a routine corporate action and does not inherently present a positive or negative outlook for the company. It is a compliance-driven event.
Popular Vehicles and Services Limited announced the appointment of M/s. MSKA & Associates LLP as its statutory auditors. This approval was passed via an ordinary resolution at the company's 42nd Annual General Meeting (AGM) held on Friday, August 28, 2026.
The new auditors, formerly known as MSKA & Associates, will hold office for a term of five consecutive years, commencing from the conclusion of the 42nd AGM until the conclusion of the 47th AGM in the financial year 2031-32. The remuneration for the auditors will be determined by the Audit Committee and the Board of Directors.
The reason for the change in auditors is the expiry of the term of the existing auditor, as per Section 139(2) of the Companies Act, 2013. M/s. MSKA & Associates LLP is an Indian limited liability partnership firm registered with the Institute of Chartered Accountants of India (ICAI) and the PCAOB. The firm is a member of BDO International and operates from its Kochi office, possessing extensive audit experience in major listed corporate entities, particularly within the automobile sector. The firm has communicated its eligibility, independence, and consent to act as statutory auditors.
A plain-language summary of a public exchange filing by Popular Vehicles and Services Limited. Read the original for the full detail.