Nitin Fire Protection Industries Limited — Others, 26-12-2024: Change in Auditors

Nitin Fire Protection Industries Ltd. has appointed M/s. Tolia & Associates, Chartered Accountants, as the new Statutory Auditor, effective immediately. This appointment fills a vacancy due to the resignation of M/s. Parekh Shah & Lodha. The new auditor will handle the statutory audit and issue Limited Review Reports for the financial year 2024-25. Following liquidation proceedings under the Insolvency and Bankruptcy Code, the change in auditors reflects the company's ongoing restructuring efforts. Investors may view this shift as a chance for improved governance and financial oversight, though attention is warranted regarding ongoing restructuring risks.