Debock Industries Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Debock Industries Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025. The board accepted the resignation of statutory auditors Jain Chowdhary & Co. and proposed G R A M & Associates LLP as the new auditors, pending shareholder approval. Serious concerns were flagged by the outgoing auditors, citing irregularities like fabricated transactions, misstatements, and potential financial manipulation. Issues around related-party fund transfers and missing documentation suggest the company may require deeper forensic investigation going forward.