Vashishtha Luxury Fashion Announces Key Auditor Changes and EGM Date
Vashishtha Luxury Fashion Limited (VLFL) has announced changes in its auditing structure. M/s. Kumbhat & Co. LLP resigned as Statutory Auditors, with M/s. SMNK & Co proposed as their replacement. M/s. R G G R & Associates LLP was appointed as Internal Auditor for FY 2025-2026. An Extraordinary General Meeting is scheduled for November 10, 2025, to approve the new Statutory Auditor appointment.
*this image is generated using AI for illustrative purposes only.
Vashishtha Luxury Fashion Limited (VLFL) has announced significant changes to its auditing structure following a board meeting held on October 13, 2025. The company, known for its high-fashion hand embroideries and accessories, has made several key appointments and set a date for an Extraordinary General Meeting (EGM).
Statutory Auditor Transition
The board acknowledged the resignation of M/s. Kumbhat & Co. LLP, Chartered Accountants, from their position as Statutory Auditors, effective October 8, 2025. To fill this vacancy, the board has recommended the appointment of M/s. SMNK & Co, Chartered Accountants (FRN: 134153W), subject to shareholder approval at the upcoming EGM.
New Internal Auditor Appointment
VLFL has appointed M/s. R G G R & Associates LLP (FRN: W100854) as the company's Internal Auditor for the 2025-2026 financial year. This appointment is in line with Section 138 of the Companies Act, 2013.
Extraordinary General Meeting Scheduled
The board has set November 10, 2025, as the date for the EGM, which will be held virtually at 11:30 AM through video conferencing or other audio-visual means. During this meeting, shareholders will vote on the appointment of the new Statutory Auditors.
Key Details of the New Auditors
Statutory Auditor: M/s. SMNK & Co
| Aspect | Details |
|---|---|
| Establishment | Originally founded in 2012, merged with other firms in 2025 |
| Team Composition | 5 Fellow Members, 3 Associate Members of ICAI, 15+ professionals |
| Geographical Presence | Offices in Gujarat, Madhya Pradesh, and Rajasthan |
| Notable Feature | Peer-reviewed by ICAI |
Internal Auditor: M/s. R G G R & Associates LLP
| Aspect | Details |
|---|---|
| Establishment | Founded in 2022 |
| Peer Review | Completed by ICAI in February 2025 |
| Specializations | Direct Taxation, Auditing & Assurance, Financial Planning |
| Team Experience | Designated Partners have 12+ years of specialized experience |
These changes in Vashishtha Luxury Fashion's auditing structure reflect the company's commitment to maintaining robust financial oversight and transparency. The appointment of new auditors with diverse expertise and geographical presence could bring fresh perspectives to the company's financial processes and reporting.
Shareholders and investors will be watching the upcoming EGM, where the appointment of the new Statutory Auditors will be put to vote. This transition in auditing firms marks a significant corporate action for VLFL and could have implications for the company's financial reporting and compliance processes going forward.
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