Sandu Pharmaceuticals appointed M/s Dave & Dave as its statutory auditors for a five-year term covering financial years 2026-27 to 2030-31. The company’s shareholders approved the appointment at their annual general meeting held on September 11, 2026.

The new audit firm will hold office from the conclusion of the 41st AGM until the conclusion of the 46th AGM in 2031. This appointment follows the mandatory rotation of auditors under Section 139(2) of the Companies Act, 2013.

Auditor Transition Details

The tenure of the outgoing statutory auditors, M/s Dileep and Prithvi, expired with the conclusion of the 41st AGM. The firm had completed two consecutive five-year terms as the company’s statutory auditor. Consequently, they were ineligible for reappointment.

New Auditor Profile

M/s Dave & Dave is a Mumbai-based partnership firm established in 1989. The firm holds Peer Review Certificate No. 020259, valid from March 25, 2025, to March 31, 2028. It comprises two partners, two associates, and ten other staff members.

The firm provides statutory, internal, management, stock, and tax audits. Its partners possess professional experience ranging from 25 to 35 years in taxation, audit, project finance, and GST audit. The firm has served various listed companies, private entities, public sector undertakings, and banking institutions.

Regulatory Compliance

The company disclosed that M/s Dave & Dave is not related to any directors, key managerial personnel, or promoters of Sandu Pharmaceuticals. The change in auditors was made in accordance with the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and the Companies Act, 2013. No concerns or issues were raised by the outgoing auditors regarding their tenure.

Sandu Pharmaceuticals has scheduled its 41st Annual General Meeting (AGM) for Friday, September 11, 2026. The meeting will be conducted via Video Conference or Other Audio-Visual Means in compliance with SEBI regulations and the Companies Act, 2013.

Meeting Details

The AGM is set to begin at 4:30 pm IST. Shareholders can access the Notice of AGM, explanatory statements, and the Annual Report for FY26 from the company’s website and the BSE Limited portal. The notice was published in Navhind Times and Navprabha on August 20, 2026.

E-Voting Process

Members holding shares as of the cut-off date of Friday, September 4, 2026, are eligible to vote. The company has enabled remote e-voting through National Securities Depository Limited (NSDL).

• Remote E-Voting Window: Commences at 10:00 am IST on Tuesday, September 8, 2026, and ends at 5:00 pm IST on Thursday, September 10, 2026.
• Voting During AGM: Members present via VC/OAVM who have not voted remotely may cast their votes during the meeting.
• Scrutinizer: Swapnil Dixit, ACS, of M/s. Swapnil J Dixit & Associates, has been appointed to scrutinize the voting process.

Record Date and Dividend

The Register of Members and Share Transfer Books will remain closed from September 4, 2026, to September 11, 2026, inclusive. Any dividend declared for FY26 will be paid to members recorded on the register as of the cut-off date.