CMI Limited — Others, 01-04-2025: Change in Auditors

CMI Limited has announced a board meeting to approve the appointment of M/s. Lal Ghai & Associates as the Secretarial Auditor for the financial years ending March 31, 2024, 2025, and 2026. This appointment follows the resolution professional's confirmation amid ongoing corporate insolvency proceedings initiated by Canara Bank. The firm, established in 2014, possesses expertise in company law and various compliance matters, enhancing the company's governance framework during this critical period.

This development reinforces CMI Limited's focus on compliance and governance, potentially boosting investor confidence by ensuring adherence to regulatory standards. However, ongoing insolvency proceedings may still pose risks to operations and financial health.