Company Update

IND Renewable Energy Ltd. has announced a board meeting on April 9, 2025, during which the resignation of statutory auditors J D Shah Associates was accepted, effective February 14, 2025. These auditors did not raise any concerns prior to their resignation.

The Board has approved the appointment of K. S. Subrahmanyam & Co. as the new statutory auditors, pending shareholder approval at the upcoming Annual General Meeting.

This change may enhance governance as the company transitions to new auditors.

The appointment of recognized professionals could bolster investor confidence, presenting a positive outlook for the firm's financial oversight and management.

Overall, this could be seen as a favorable move in maintaining strong compliance and audit quality.