Asgard Alcobev appoints A D V & Associates as statutory auditors for five years
- Asgard Alcobev appoints A D V & Associates as statutory auditors for five years
- Term runs from conclusion of 42nd AGM to conclusion of 47th AGM in 2031
- Appointment requires shareholder approval at the ensuing AGM
- Firm holds registration number 128045W and was established in March 2007
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Asgard Alcobev Limited has approved the appointment of M/s. A D V & Associates as its statutory auditors for a five-year term. The decision was taken by the Board of Directors on September 3, 2026.
The appointment is subject to shareholder approval at the company's 42nd Annual General Meeting (AGM). The term commences from the conclusion of the 42nd AGM and extends until the conclusion of the 47th AGM in 2031.
Auditor Details
The Audit Committee recommended the appointment of the firm. Key details regarding the engagement are outlined below:
| Particular | Details |
|---|---|
| Auditor Name | M/s. A D V & Associates |
| Firm Registration No. | 128045W |
| Term Duration | Five years |
| Start Date | Conclusion of 42nd AGM |
| End Date | Conclusion of 47th AGM (2031) |
Firm Profile
M/s. A D V & Associates is a partnership firm established in March 2007. The firm possesses experience in statutory audit, internal audit, tax audit, stock audit, restatement, and professional consultancy services.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026.
Historical Stock Returns for Asgard Alcobev
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.19% | -5.20% | +2.18% | -28.60% | -39.91% | +288.47% |
How might the five-year tenure of M/s. A D V & Associates impact Asgard Alcobev's financial reporting consistency and audit quality compared to previous short-term appointments?
What specific expertise does A D V & Associates bring to the alcohol and beverage sector that aligns with Asgard Alcobev's current operational challenges or growth strategies?
Are there any potential conflicts of interest or regulatory concerns regarding the long-term engagement of this specific audit firm under recent SEBI guidelines?
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