Sacheta Metals Limited has approved the appointment of M/s. Chandabhoy & Jassoobhoy as its Statutory Auditors. The firm will initially fill a casual vacancy and then serve for a term of five consecutive years, commencing from the conclusion of the 36th Annual General Meeting (AGM) until the conclusion of the 41st AGM, expected in 2031. This appointment aims to ensure continued financial oversight and compliance.
New Statutory Auditors Appointed
Sacheta Metals Limited announced today, September 2, 2026, the appointment of M/s. Chandabhoy & Jassoobhoy (FRN: 101648W) as the company’s Statutory Auditors. This decision was made by the Board of Directors based on the recommendation of the Audit Committee.
Filling a Casual Vacancy and Long-Term Appointment
The firm will first fill the casual vacancy arising from the resignation of the previous auditors, M/s. Murali & Venkat (FRN: 002162S). This interim appointment is effective from September 2, 2026, up to the conclusion of the ensuing 36th Annual General Meeting (AGM).
Furthermore, the Board has recommended the appointment of Chandabhoy & Jassoobhoy for a substantial term of five consecutive years. This extended tenure will commence from the conclusion of the 36th AGM and continue until the conclusion of the 41st AGM, anticipated to be held in the year 2031. This long-term appointment is intended to provide stability and consistent oversight of the company’s financial reporting.
Annual General Meeting Details
In related news, the Board also approved the Directors’ Report and the Notice for the 36th Annual General Meeting. The AGM is scheduled to be held on Wednesday, September 30, 2026, at 11:00 A.M. at the Registered Office of the Company. The Register of Members and share transfer books will be closed from September 24, 2026, to September 30, 2026, inclusive, for the purpose of the AGM. Additionally, M/s Jaymeen Trivedi & Associates have been appointed as the scrutinizer for the upcoming AGM.
Auditor Profile
Chandabhoy & Jassoobhoy, Chartered Accountants, established in Ahmedabad, Gujarat, in 1981, brings extensive experience in statutory and internal audits, tax audits, direct taxation, Company Law, and more. The firm is also empaneled with prominent institutions like the Comptroller and Auditor General of India and the Reserve Bank of India.
Source: BSE
