RRP Semiconductor Ltd Board Approves Auditor Change Following Resignation of PAMS & Associates
RRP Semiconductor Ltd announced the outcomes of its Board Meeting held on July 20, 2026. The meeting addressed significant changes regarding the company's statutory auditor, including the resignation of M/s. PAMS & Associates and the proposal for the appointment of a new firm, M/s. Lipika and Associates.The Board reviewed and approved matters concerning the company’s auditing structure following the resignation of M/s. PAMS & Associates. The audit firm resigned with effect from June 26, 2026. According to the records, the reason for the change was geographical constraints, as the company's registered office and operations are located in Mumbai while the auditor's firm is situated in Bhubaneswar, making it challenging to devote adequate time and resources efficiently conducting audit procedures.
Details regarding the resignation of M/s. PAMS & Associates have been documented, confirming the cessation date as June 26, 2026.
Appointment Proposal for New Statutory Auditor
In addition to noting the change in existing audit arrangements, the Board proposed the appointment of M/s. Lipika and Associates, Chartered Accountants, as the statutory auditor of RRP Semiconductor Ltd. This proposal comes based on the recommendation of the Audit Committee. The appointment is subject to the approval of members at the ensuing Annual General Meeting (AGM).The term proposed for M/s. Lipika and Associates is five years, covering Financial Year 2026-2027 to 2030-2031.
Key details regarding the proposed new auditor are provided below:
| Particulars | Details |
|---|---|
| Proposed Auditor Name | M/s. Lipika and Associates, Chartered Accountants |
| Term of Appointment | Five years (Financial Year 2026-2027 to 2030-2031) |
| Firm Registration Number | 145364W |
| Profile Details | M/s. Lipika and Associates is an Indian Partnership firm established in 2017 and headquartered in Noida, Uttar Pradesh, with a branch office in Mumbai, Maharashtra. The Firm services domestic and international clients across multiple sectors. It maintains a Peer Review Certificate from ICAI, valid until January 31, 2029. |
The Board Meeting commenced at 4:00 p.m. and concluded at 5:00 p.m. on July 20, 2026.
Stock Price Movement
At the close of trade today, shares of RRP Semiconductor Ltd settled down 1.00% to ₹8805.70. The stock remained locked throughout the session, trading completely flat at that price point.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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