Whalesbook
Riddhi Corporate Services Ltd. announced key governance updates following a board meeting on April 28, 2026. The company has appointed new statutory and internal auditors for the fiscal year 2025-2026.
M/s. Aparajita V Shah & Co will now serve as the statutory auditor. This appointment is to fill a casual vacancy, indicating the previous auditor's term ended unexpectedly and required prompt replacement.
Mr. Kirti Bhavsar has been named the company's internal auditor for the same fiscal year.
To gain shareholder approval for these appointments, Riddhi Corporate Services has scheduled an Extraordinary General Meeting (EGM) for May 23, 2026.
For the purpose of this EGM, the company will close its Register of Members and Share Transfer Books from May 17 to May 23, 2025.
The selection of a statutory auditor is crucial for financial oversight and regulatory compliance, providing an independent examination of the company's accounts. An internal auditor, meanwhile, focuses on operational efficiency and adherence to internal policies and controls. Shareholder consent at the EGM validates these governance decisions.
Companies commonly change statutory auditors to ensure fresh perspectives, comply with regulatory rotation policies, or address specific needs. The filling of a 'casual vacancy' highlights the company's effort to ensure audit functions continue without interruption.
Shareholders will vote at the EGM on May 23, 2026. Investors should also track the official EGM notice filings and subsequent confirmations of the auditor appointments after shareholder approval.