Gayatri Highways has appointed M/s. PPKG & Co. as its new statutory auditor to fill a casual vacancy following the resignation of PRSV & Co. LLP. The firm is seeking shareholder approval at its upcoming 20th Annual General Meeting to formalize this appointment for a five-year term.
Gayatri Highways Appoints New Statutory Auditor
- New Auditor: M/s. PPKG & Co. appointed effective August 29, 2026.
- AGM Date: 20th Annual General Meeting scheduled for September 29, 2026.
Reader Takeaway: The appointment of a replacement auditor is a routine governance step; shareholders should watch for AGM resolutions.
What just happened
Gayatri Highways Ltd has formally appointed M/s. PPKG & Co., Chartered Accountants, as its new statutory auditor. The board confirmed this appointment during its meeting on August 29, 2026. This move was necessitated by the resignation of the previous firm, PRSV & Co. LLP, which created a casual vacancy that required immediate filling.
Why this matters
The statutory auditor plays a critical role in verifying the company's financial health and ensuring regulatory compliance. Replacing an auditor due to a resignation is a standard corporate governance process, though investors typically look for seamless transitions to ensure continuity in financial reporting and oversight. The board has also recommended that shareholders approve a formal five-year term for PPKG & Co. at the upcoming 20th Annual General Meeting (AGM).
What changes now
Shareholders will now have the opportunity to vote on the appointment of PPKG & Co. during the 20th AGM. The meeting is set to take place on Tuesday, September 29, 2026, at 3:30 P.M. Consistent with recent regulatory trends, the company will conduct the meeting entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
What to track next
Investors should review the formal AGM notice for the detailed agenda items and the specific terms of the proposed five-year appointment. Any additional resolutions put forth by the management during the upcoming AGM will provide further insight into the company's governance priorities for the current fiscal cycle.
