Sanathnagar Enterprises Ltd. Announces Changes in Statutory and Secretarial Audits, Management Personnel
Sanathnagar Enterprises Limited announced significant corporate governance updates following its Board meeting held on April 17, 2026. The Board approved the appointment of a new Statutory Auditor, the appointment of a Secretarial Auditor for the financial year 2026-27, and noted the resignation of Mr. Martin Godard as Manager and Key Managerial Personnel.The Board noted that the incumbent Statutory Auditors, M/s MSKA & Associates LLP, Chartered Accountants, will complete their second term of five years and are scheduled to retire at the 79th Annual General Meeting of the Company.
Appointment of New Statutory Auditors
Following the recommendation of the Audit Committee, the Board approved the appointment of M/s Walker Chandiok & Co., LLP, as the Statutory Auditors of the Company. M/s Walker Chandiok & Co., LLP will hold office for a first term of five consecutive years. This appointment is effective from the conclusion of the 79th Annual General Meeting to the conclusion of the 84th Annual General Meeting, pending shareholder approval at the ensuing Annual General Meeting.
The newly appointed firm, M/s Walker Chandiok & Co., LLP, is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI) and the Public Company Accounting Oversight Board (PCAOB). Established in 1935, the firm has its registered office in New Delhi and includes eighteen other offices across major Indian cities.
Managerial Resignation and Secretarial Audit
The Company's Board also recorded the resignation of Mr. Martin Godard as Manager and Key Managerial Personnel. This resignation was effective from the close of business hours on April 17, 2026.
In a related governance update, the Board approved the appointment of M/s Shravan A. Gupta & Associates, Company Secretaries, as the Secretarial Auditors of the Company for the Financial Year 2026-27.
Details regarding the appointments and changes in key personnel are summarized below:
| Role | Previous Status/Outgoing Entity | New Appointment/Incoming Entity | Term/Effective Date |
|---|---|---|---|
| Statutory Auditor | M/s MSKA & Associates LLP (Retiring) | M/s Walker Chandiok & Co., LLP (F.R. No. 001076N/N500013) | 5 years, effective FY 2026-27 to 84th AGM |
| Secretarial Auditor | Not Applicable | M/s Shravan A. Gupta & Associates | Financial Year 2026-27 |
| Manager | Mr. Martin Godard (Resigned) | N/A | Effective April 17, 2026 |
SEL Stock Price Movement
Today, shares of Sungarner Energies Limited settled flat at ₹189.00, reflecting zero movement for the session. The stock maintained its previous close price, signaling steady sentiment across its trading day.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.