Debock Industries Limited — Board Meeting, 31-05-2025: Outcome of Board Meeting

Debock Industries has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company confirmed the resignation of its statutory auditor, Jain Chowdhary & Co., due to serious financial irregularities, including fabricated bank records and fraudulent transactions. G R A M & Associates LLP are proposed as new auditors at an EGM scheduled for June 27, 2025. The company is currently grappling with major issues around related party transactions and fund diversions, casting doubts on the reliability of its financials.