Pet Plastics Appoints N K Mittal & Associates as New Statutory Auditor
Pet Plastics Limited has appointed M/s. N K Mittal & Associates as its new statutory auditor following an Extraordinary General Meeting (EGM) on October 25. The appointment fills the vacancy left by the resignation of M/s. Maheshwari & Co. N K Mittal & Associates, with Firm Registration No. 113281W, will serve until the next Annual General Meeting. Shareholders approved the appointment through a special resolution. The EGM, held at the company's Mumbai office, included remote e-voting and an on-site poll for shareholders.
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Pet Plastics Limited (formerly known as Bharatam Ventures Limited) has announced a change in its auditing structure following an Extraordinary General Meeting (EGM) held on October 25. The company has appointed M/s. N K Mittal & Associates as its new statutory auditor, filling the vacancy left by the resignation of the previous auditor, M/s. Maheshwari & Co.
Key Details of the Appointment
| Aspect | Details |
|---|---|
| New Auditor | M/s. N K Mittal & Associates, Chartered Accountants |
| Firm Registration No. | 113281W |
| Appointment Period | From conclusion of EGM until next Annual General Meeting |
| Approval Method | Special Resolution passed by shareholders |
| Previous Auditor | M/s. Maheshwari & Co., Chartered Accountants (Firm Registration No. 105834W) |
EGM Proceedings
The EGM took place at the company's registered office in Mumbai, commencing at 11:00 AM and concluding at 02:00 PM. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
Voting Process
Pet Plastics provided a remote e-voting facility to its shareholders, allowing them to cast their votes on the resolution from October 22 to October 24. Additionally, a poll was conducted at the meeting venue for members who had not participated in the e-voting process.
About the New Auditor
N K Mittal & Associates is described as a peer review certified firm of Chartered Accountants. The firm offers a range of professional services, including:
- Assurance
- Taxation
- Advisory
- Consultancy
Operating from Andheri (West), Mumbai, the firm is committed to enhancing business performance through knowledge-based professional support.
Management's Statement
Mr. Abhinath Shinde, the Managing Director of Pet Plastics Limited, signed off on the official communications regarding the auditor change. The appointment was made in accordance with Sections 139, 142, and other applicable provisions of the Companies Act, 2013, as well as the relevant SEBI regulations.
This change in statutory auditor marks a corporate action for Pet Plastics Limited, potentially influencing the company's financial reporting and auditing processes in the coming fiscal year.
