Jiwanram Sheoduttrai Industries Limited — Others, 12-12-2024: Appointment

Jiwanram Sheoduttrai Industries has announced a board meeting outcome, approving the appointment of M/s. Jain Sonu & Associates as the statutory auditor, following the resignation of the previous auditor. This appointment is subject to shareholder approval, with an extraordinary general meeting to be scheduled. The new auditor will serve for the financial year 2024-2025. Additionally, previous plans to raise funds by pledging promoters’ equity shares are now on hold. This change may boost investor confidence due to a stabilized auditing process while highlighting the ongoing strategic adjustments within the company.