Decorous Investment names new auditor after mandatory rotation

Decorous Investment and Trading Co. Ltd. (DITCO) announced the appointment of M/s S M G A & Co. as its new statutory auditors. This follows the ineligibility of previous auditors, M/s G.K. Kedia & Co., due to a mandatory ten-year rotation provision under Section 139(2) of the Companies Act, 2013. M/s G.K. Kedia & Co. had been wrongly re-appointed at the 42nd Annual General Meeting on September 29, 2025, a decision now declared null and void. The outgoing auditors confirmed their "No Objection" to DITCO proceeding with a new appointment and ceased their responsibilities immediately.

DITCO will hold an extra-ordinary general meeting (EoGM) on Wednesday, November 12, 2025, at 11:00 A.M., via video conferencing. The EoGM will consider and approve the appointment of M/s S M G A & Co., who have confirmed their eligibility. This appointment will be for the financial year 2025-26, until the conclusion of the 43rd Annual General Meeting.

The board of directors, based on the audit committee's recommendation, formally reviewed and approved the proposal for the new auditor at its meeting on October 18, 2025. This action ensures DITCO's adherence to statutory provisions and maintains continuous audit coverage.