Auro Laboratories Announces Key Management Changes and Auditor Appointments

Auro Laboratories Ltd, a pharmaceutical company, has announced significant changes in its management structure and auditing arrangements following a board meeting held on August 23, 2025.

New Statutory Auditors Appointed

The company's board has approved the resignation of M/s Kothari Jain & Associates, Chartered Accountants, as Statutory Auditors, effective August 23, 2025. The outgoing auditors cited pre-occupation with other personal and professional commitments as the reason for their departure. They confirmed that there were no disputes or concerns regarding information suppression by the company's management.

To fill this vacancy, the board has appointed M/s B.L. Dasharda & Associates, Chartered Accountants, as the new Statutory Auditors. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The new auditors will serve for a period of five years, from the conclusion of the 36th AGM until the 41st AGM.

Re-appointment of Independent Director

Mrs. Kavita Vijayakant Sharma has been re-appointed as a Non-Executive Independent Director for a second term of five years. Her new term will run from February 11, 2026, to February 10, 2031, subject to shareholder approval at the forthcoming AGM. Mrs. Sharma, who has been associated with Auro Laboratories since March 27, 2015, brings over 10 years of experience in marketing to her role.

New Company Secretary and Compliance Officer

The board has appointed Ms. Padma Tapariya as the new Company Secretary and Compliance Officer, effective October 1, 2025. Ms. Tapariya is an associate member of the Institute of Company Secretaries of India (ICSI) and has approximately seven years of experience in her field.

Secretarial Auditors Appointed

M/s GMJ & Associates, Company Secretaries, have been appointed as the Secretarial Auditors of Auro Laboratories for a term of five years, from April 1, 2025, to March 31, 2030. This appointment is also subject to shareholder approval at the upcoming AGM. GMJ & Associates brings over a decade of experience in secretarial audit services across various sectors.

Upcoming Annual General Meeting

Auro Laboratories has scheduled its 36th Annual General Meeting for September 25, 2025. The meeting will be conducted through Video-Conferencing (VC) and Other Audio-Visual Means (OAVM).

These changes reflect Auro Laboratories' commitment to maintaining strong corporate governance practices and ensuring compliance with regulatory requirements. The company's proactive approach in appointing new auditors and key personnel demonstrates its focus on transparency and professional management.