Promax Power Ltd: Shareholders Approve Statutory Auditor Appointment
MANAGEMENT
● No Immediate Change
LOW RISK
📅 Filed on BSE: 11 May 2026, 04:23 PM IST · BSE ID: ae482433-4c8b-4262-9688-41b70f6c1639
View Original BSE Filing (PDF)
💡
In Simple Terms
Shareholders of Promax Power Limited approved a new auditing firm, Manish Jain & Associates, to check the company's books.
🤖 AI Summary
- Shareholders of Promax Power Ltd approved M/s. Manish Jain & Associates as Statutory Auditors.
- The appointment was made effective from May 9, 2026, through a Postal Ballot Resolution.
- M/s. Manish Jain & Associates (FRN: 015608N) will serve until the 2026 Annual General Meeting.
- The firm specializes in Auditing, Finance, Legal, Taxation, Assurance, and Regulatory services.
- The appointment fills a casual vacancy in the office of the Statutory Auditor.
🏢 How This Affects the Company
The appointment of M/s. Manish Jain & Associates ensures the continuity of statutory audit functions for Promax Power Limited.
The appointment of a new statutory auditor addresses the regulatory requirement for external financial oversight, mitigating compliance risk.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this intimation.
👤
Who Is Affected
All shareholders are informed of the appointment of M/s. Manish Jain & Associates, ensuring ongoing compliance with audit requirements for the company.
🔍
Management Signal
Management is ensuring compliance with statutory audit requirements by filling a casual vacancy in the auditor's office through shareholder approval.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Next Annual General Meeting — observe the re-appointment or new appointment of statutory auditors.
Future financial results filings — examine audit reports and any auditor remarks.
Any further regulatory filings related to auditor changes or resignations.
LOW RISK
The filing reports a routine change in statutory auditor, which is a standard governance matter.
💡 Investor Takeaway
Promax Power Ltd shareholders approved the appointment of M/s. Manish Jain & Associates (FRN: 015608N) as Statutory Auditors, effective May 9, 2026, until the 2026 AGM. This fills a casual vacancy and ensures continuity of audit functions.
⚖️ Strengths & Concerns
✅ Positives
- Appointment ensures compliance with regulatory requirements for statutory auditors, maintaining financial governance framework.
- The appointed firm, Manish Jain & Associates, has expertise in Auditing, Finance, Legal, Taxation, Assurance & Regulatory services.
📅 Company Track Record
No previous filings or specific historical financial data were found for Promax Power Ltd in the provided context, limiting historical trend analysis.
Based on publicly available historical data. For context only.