Shanthala FMCG Products Limited Appoints GuruJana Consulting LLP as New Forensic Auditor
Shanthala FMCG Products Limited has announced a change in its forensic audit firm, following the acceptance of the resignation from the previous auditor. The Board of Directors has appointed M/s GuruJana Consulting LLP, Chartered Accountants (LLPIN: ACP-9378), to take over the responsibility for conducting the company's forensic audit.The appointment comes after the Board accepted the resignation of M/s Chaudhary Chaudhary & Co, Chartered Accountants (Firm Registration No: 002910C). The outgoing firm cited pre-existing professional commitments as the reason for their inability to dedicate the necessary time required to conclude the audit within the stipulated timeframe.
To ensure a timely and thorough completion of the forensic audit investigation, the company determined it prudent to appoint a new expert firm. The Board stated that it evaluated the credentials, expertise, and resources of M/s GuruJana Consulting LLP and holds the considered opinion that this appointment serves the best interest of Shanthala FMCG Products Limited for expeditious auditing.
Details regarding the change in forensic auditor are as follows:
| Particulars | Details |
|---|---|
| Name of the entity initiating the forensic audit | GuruJana Consulting LLP, Chartered Accountants (LLPIN: ACP-9378) |
| Reason for change in forensic auditor | The outgoing auditor, M/s Chaudhary Chaudhary & Co, communicated their inability to continue the assignment due to pre-existing professional commitments, which would prevent them from dedicating the requisite time to conclude the audit within the prescribed timeline. Given the time sensitive nature of the investigation, the Board deemed it prudent to accept their request for relief and appoint a new firm to avoid any detrimental delay. |
SHANTHALA Stock Price Movement
On Monday, shares of Shanthala FMCG Products Limited settled flat at ₹18, recording no change across the trading session. This closing marked a significant downturn for the stock as it reached its 52-week low after 4,800 shares traded were recorded.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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