Kalyani Forge Limited — Others, 12-11-2024: Change in Auditors

Kalyani Forge Limited has announced a board meeting to approve the appointment of M/s. M. P. Chitale & Co. as Statutory Auditors, following the resignation of M/s. Kalyaniwalla & Mistry LLP. This transition is aimed at maintaining compliance and ensuring smooth auditing processes. The appointment is effective from November 13, 2024, pending shareholder approval.

The change in auditors may positively impact stakeholder confidence by aligning the company with a well-regarded auditing firm delivering seasoned professional services across various sectors. Investors might view this as a positive outlook, signifying the company’s commitment to governance standards.