Sagardeep Alloys Limited Appoints New Auditors and CFO Resignation Confirmed
Sagardeep Alloys Limited, during a Board meeting held on August 20, 2026, approved several key appointments concerning statutory audits. The company also received the resignation of its Chief Financial Officer (CFO).The management appointed M/s PNK & Co as the Secretarial Auditor and M/s Priyank Patel & Associates as the Cost Auditor for the coming financial year.
M/s PNK & Co, a firm of Practicing Company Secretaries holding Peer Review Certificate No: 8139/2026, was appointed as the Secretarial Auditor from the Financial Year 2026-27 to 2030-31. The firm specializes in secretarial audits and corporate governance matters.
For the Financial Year 2026-27, M/s Priyank Patel & Associates (Firm Registration No: 103676) has been appointed as the Cost Auditor. These professionals are described as specialists in Cost and Management Accounting.
The appointments were formalized during the Board meeting held on August 20, 2026.
Key Appointments and Personnel Changes
A summary of the key decisions made by the Board of Directors on August 20, 2026:| Event | Entity/Individual | Tenure/Term | Details |
|---|---|---|---|
| Secretarial Auditor Appointment | M/s PNK & Co | FY 2026-27 to 2030-31 | Peer Review No: 8139/2026. The firm has extensive experience in corporate laws and governance. |
| Cost Auditor Appointment | M/s Priyank Patel & Associates | Financial Year 2026-27 | Firm Registration No: 103676. Specialists in Cost and Management Accounting. |
| CFO Resignation | Mr. Shashwat Shah | N/A | Tendered resignation as Key Managerial Personnel. Last working day is August 25, 2026. |
Financial Leadership Transition
The Board also noted the resignation of Mr. Shashwat Shah from his position as Chief Financial Officer (CFO) and Key Managerial Personnel. Mr. Shah’s last working day with Sagardeep Alloys Limited will be August 25, 2026.SAGARDEEP Stock Price Movement
Shares of Sagardeep Alloys Limited are edging higher to ₹23.99 as of 11:35 AM, currently trading up by 0.13% in live market action. The stock maintains tight intraday bounds, with traders finding support near the low of ₹23.71 and observing a high of ₹24.10.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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