VIP Clothing Limited — Others, 28-11-2024: Shareholders meeting

VIP Clothing Ltd. has announced a board meeting to discuss a Postal Ballot for the appointment of a new statutory auditor following the resignation of M/s. MSKA & Associates. The proposed auditor, M/s. DMKH & Co., will serve until the conclusion of the next Annual General Meeting and their appointment is subject to shareholder approval. The expected annual remuneration is ₹15,00,000, significantly lower than the previous auditor's fee of ₹24,00,000. This transition could enhance financial oversight, potentially fostering a positive outlook among investors as the company seeks to streamline audit expenses and governance.