D. P. Abhushan Appoints T R Chadha & Co. as New Statutory Auditor
```html
“The company has appointed a new audit firm to fill the casual vacancy created by the outgoing auditor's resignation.”
Change in Statutory Auditor
Jeevan Jagetiya & Co. resigned from its role as Statutory Auditor with effect from November 10, 2026. Following the resignation, the board appointed T R Chadha & Co. LLP to take over the responsibility. The company clarified that the outgoing auditor's decision was not related to any disagreement with the management.
The Breakdown
- Auditor Resignation: Jeevan Jagetiya & Co. resigned as Statutory Auditor effective November 10, 2026, creating a casual vacancy.
- New Appointment: The board appointed T R Chadha & Co. LLP from November 11, 2026, subject to shareholder approval at the upcoming General Meeting.
- Reason for Change: The Audit Committee reviewed the outgoing auditor's explanation and stated that the resignation did not involve any dispute or disagreement with the company.
- Regulatory Compliance: The appointment was made under Section 139(8) of the Companies Act, 2013, which governs appointments to fill casual vacancies.
- New Auditor Profile: T R Chadha & Co. LLP was established in 1946 and has a professional team of over 1,000 members, with offices across India.
What to Watch Next
The next important development will be shareholder approval of T R Chadha & Co. LLP's appointment at the ensuing General Meeting. Investors may also track the firm's upcoming audit and review responsibilities.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Aluminium Price Prediction for Next Week
LME Aluminium prices remained largely steady this week as the market balanced elevated US import premiums against expectations of improving global supply. The US Midwest premium remained high at $1.093 per lb, equivalent to $2,409 per tonne, reflecting tight domestic availability and the impact of tariffs on Canadian aluminium. Meanwhile, expectations of higher production following Alcoa's planned expansion and recovering Middle Eastern output, resilient Chinese production and rising Indonesian supply could narrow the global deficit and potentially shift the market into surplus by 2027. However, declining SHFE warehouse inventories, down over 10% last week, offered some support, while uncertainty surrounding US tariff policies continued to influence market sentiment.
Copper Price Forecast for Next Week
LME Copper prices declined around 3.25% this week, pressured by a broader technology selloff and concerns that a Democratic sweep in the US midterm elections could tighten AI regulations and slow the expansion of data-centre infrastructure, a key source of future copper demand. Expectations of reduced US import tariffs also narrowed the premium of domestic copper prices over LME prices, adding pressure to the international market. However, the longer-term outlook remains supportive amid tight physical supply, declining inventories in China and disruptions to global mine production. Copper continues to face a disconnect between weakening investor sentiment and tightening underlying fundamentals, with AI-related demand and supply constraints remaining important drivers for the market.
Crude Oil Price Forecast for Next Week
WTI Crude oil prices declined sharply by nearly 12% this week, slipping towards $90 per barrel and recording their steepest weekly fall since mid-April, as hopes of a diplomatic breakthrough between the US and Iran eased concerns over potential supply disruptions. US President Donald Trump held discussions with Qatar's Emir, while Tehran reportedly reviewed nuclear proposals conveyed through mediators. Diplomatic efforts involving Qatar and China have raised expectations of a possible agreement to end the conflict and restore crude flows through the Strait of Hormuz. Despite the round of talk on table, continued tanker attacks and Iran's demands for sanctions relief, frozen asset releases and the lifting of the US naval blockade continue to pose significant supply-side risks.