Magellanic Cloud Ltd has appointed SG CO & Co LLP as their new Statutory Auditors.
The appointment is subject to approval from shareholders at the General Meeting.
The decision was made based on the recommendation of the Audit Committee and in accordance with the Companies Act 2013 and the SEBI Listing Regulations, 2015.
The existing auditors, Bhuta Shah & Co, did not raise any concerns or issues.
SG CO & Co LLP will hold office until the ensuing general meeting of the company.