Kaarya Facilities appoints Bhasin Hota as statutory auditor for FY26 AGM
- Kaarya Facilities appoints M/s. Bhasin Hota & Co as statutory auditor to replace Piyush Kothari & Associates
- Board meeting on September 4, 2026, approved FY26 Directors Report and AGM notice
- M/s. SARK & Associates LLP appointed as scrutinizer for the upcoming AGM
- Board took on record fines levied under SEBI LODR Regulation 13(3)
- E-voting for AGM opens September 25, 2026, with cut-off date of September 21, 2026
*this image is generated using AI for illustrative purposes only.
Kaarya Facilities & Services has appointed M/s. Bhasin Hota & Co as its new statutory auditor to fill a casual vacancy. The Board of Directors approved the appointment during its meeting held on September 4, 2026.
The company will hold its 17th Annual General Meeting on September 28, 2026, to seek shareholder approval for this appointment. The new firm replaces M/s. Piyush Kothari & Associates, who resigned citing other pressing commitments and pre-fixed assignments. The outgoing auditors confirmed no material concerns regarding the company's financial reporting or management during their tenure.
Auditor Appointment Details
The Board recommended the appointment following a review by the Audit Committee. The new firm holds a valid Peer Review Certificate from the Institute of Chartered Accountants of India (ICAI). The remuneration for the new auditors will be determined by the Board in consultation with the Audit Committee, with no material change compared to the outgoing firm's fees.
| Particulars | Details |
|---|---|
| Outgoing Auditor | M/s. Piyush Kothari & Associates |
| Incoming Auditor | M/s. Bhasin Hota & Co |
| Term Start Date | September 4, 2026 |
| Tenure | Until conclusion of next AGM |
| Resignation Reason | Other pressing commitments |
Board Meeting Outcomes
In addition to the auditor appointment, the Board meeting held on September 4, 2026, approved several other key matters:
- Approval of the Directors Report for FY26.
- Approval of the Notice of Annual General Meeting and Annual Report.
- Appointment of M/s. SARK & Associates LLP, Practicing Company Secretaries, as scrutinizer for the 17th AGM.
- Consideration and approval of the E-voting process, including cut-off and book closure dates.
Regulatory Compliance Note
The Board also took on record fines levied under Regulation 13(3) of the SEBI (LODR) Regulations, 2015. This disclosure highlights regulatory scrutiny but does not indicate ongoing operational issues based on the current filing.
Meeting Logistics
The AGM is scheduled for Monday, September 28, 2026, at 11:00 am at the company's registered office in Mumbai. Shareholders holding shares as of September 21, 2026, are eligible to vote. Voting will be conducted exclusively through remote e-voting via KfinTech.
The e-voting window opens on September 25, 2026, at 9:00 am and closes on September 27, 2026, at 5:00 pm. Individual demat account holders can vote through their depository portals (NSDL/CDSL) or directly via the KfinTech platform. Physical shareholders must obtain login credentials from KfinTech. The voting results will be announced by September 30, 2026.
Historical Stock Returns for Kaarya Facilities & Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | -51.57% | 0.0% |
How might the SEBI LODR fines impact Kaarya's regulatory standing or investor confidence leading up to the AGM?
What specific operational or financial risks might Bhasin Hota & Co prioritize in their audit given the recent regulatory scrutiny?
Could the resignation of the previous auditors due to 'pressing commitments' signal any underlying governance issues that shareholders should monitor?
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