Encode Packaging appoints M/s B B Gusani & Associates as auditor
Encode Packaging India Limited has appointed M/s B B Gusani & Associates as its statutory auditor effective May 23, 2026, to fill a casual vacancy left by the resignation of M/s Rishab Aggarwal & Associates. The appointment is subject to shareholder approval at the upcoming General Meeting and covers the audit for the financial year ending March 31, 2026.
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Encode Packaging India Limited has appointed M/s B B Gusani & Associates as its statutory auditor to fill a casual vacancy. The decision was taken by the Board of Directors during a meeting held on May 23, 2026. The appointment is effective immediately and is subject to the approval of shareholders in the forthcoming General Meeting.
The vacancy arose due to the resignation of the previous auditors, M/s Rishab Aggarwal & Associates. The new firm will conduct the audit for the financial year ending March 31, 2026. The Board meeting, which commenced at 11:00 AM and concluded at 11:30 AM, also reviewed the necessary disclosures required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
Appointment Details
The following table outlines the key particulars regarding the change in auditors:
| Particulars | Details |
|---|---|
| Name of Company | Encode Packaging India Limited |
| Name of the Auditors | M/s B B Gusani & Associates, Chartered Accountants (FRN: 140785W) |
| Reason for change | Appointment to fill the Casual Vacancy arises due to resignation of the previous auditors. |
| Date of appointment | 23.05.2026 |
| Term of Appointment | Appointment by Board of Directors to conduct the audit for 31st March 2026 and the appointment shall also be approved by the Company at forthcoming General Meeting. |
| Brief Profile | Chartered Accountant having experience in finance and Accounting Finance operations inclusive of financial Planning, Project financing, budgeting, accounting systems, auditing and taxation |
| Disclosure Of Relationship Between Directors | No Relation |
The company has informed the Bombay Stock Exchange Limited regarding this appointment. The new auditor brings experience in financial planning, project financing, budgeting, accounting systems, auditing, and taxation. There is no relationship between the directors of the company and the newly appointed auditor.
Historical Stock Returns for Encode Packaging
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.03% | +7.88% | +6.08% | -1.70% | +1.84% | +42.55% |
What were the specific reasons behind M/s Rishab Aggarwal & Associates' resignation, and could they signal deeper financial or governance concerns at Encode Packaging India Limited?
How might the mid-year auditor transition impact the timely completion and credibility of Encode Packaging's financial statements for FY2026?
Will shareholders raise concerns or potentially reject the appointment of M/s B B Gusani & Associates at the forthcoming General Meeting, given the abrupt auditor change?
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