Pashupati Cotspin Limited Appoints New Secretarial Auditor Following Resignation of Previous Firm
Pashupati Cotspin Limited has announced significant changes regarding its Secretarial Audit function. The company confirmed the resignation of M/s. SJV & Associates as their Secretarial Auditor and subsequently appointed M/s. Nisarg Sharma & Associates to fill the casual vacancy for the Financial Year 2025-26.The Board of Directors meeting held on Friday, August 14, 2026, addressed the change. M/s. SJV & Associates resigned as the Secretarial Auditor, effective from August 14, 2026. The resignation occurred due to the non-renewal of their Peer Review Certificate, which meant the firm could not continue operating as the Secretarial Auditor in compliance with relevant provisions.
To address this vacancy, M/s. Nisarg Sharma & Associates, a Practicing Company Secretaries firm, was appointed as the new Secretarial Auditor. This appointment is intended to cover the Secretarial Audit for the Financial Year 2025-26 and will remain valid until the conclusion of the company's ensuing Annual General Meeting.
M/s. Nisarg Sharma & Associates is identified as a Peer Reviewed firm holding Peer Review Certificate No. 3941/2023, specializing in corporate laws, securities laws, secretarial audit, corporate governance, and allied compliance matters.
The company also outlined its future plans for the Secretarial Audit function. Management stated that the Board of Directors, based on recommendations from the Audit Committee, will undertake the process to appoint a long-term Secretarial Auditor. This auditor will serve a term of five consecutive financial years, covering FY 2026-27 through FY 2030-31, subject to approval by the members of the Company at its Annual General Meeting.
The details pertaining to both the resignation and the appointment were confirmed during the Board meeting held on August 14, 2026.
PASHUPATI Stock Price Movement
Pashupati Cotspin Limited stock closed today, gaining 0.46% and settling at ₹84.65 in post-market trading. The equity maintained an intraday range between a low of ₹84.41 and a high of ₹85.77 on a volume of 9,420 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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