{"id":598327,"date":"2023-08-18T11:59:52","date_gmt":"2023-08-18T06:29:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598327"},"modified":"2023-08-18T12:52:50","modified_gmt":"2023-08-18T07:22:50","slug":"indore-based-eki-energy-services-statutory-auditor-removal-draws-flak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indore-based-eki-energy-services-statutory-auditor-removal-draws-flak\/","title":{"rendered":"Indore-based EKI Energy Services statutory auditor removal draws flak"},"content":{"rendered":"<p>Indore-based EKI Energy Services has faced criticism over the controversial ouster of its statutory auditor Walker Chandiok &amp; Co.<\/p>\n<p>A resolution to remove the well-known audit firm before the expiry of its term received 100 per cent \u2018against\u2019 votes from public institutions.<\/p>\n<p>Nevertheless, the resolution was still cleared thanks to \u2018for\u2019 votes from the promoter group, who hold 73.42 per cent stake in the company. <\/p>\n<p>In a stock exchange filing, EKI has said the removal of the auditor was \u201con the grounds of unreasonable fee hike, inordinate delay in the conclusion of audit for the fourth quarter and financial year ended March 31, 2023, resulting in adverse consequences including statutory fines,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indore-based EKI Energy Services has faced criticism over the controversial ouster of its statutory auditor Walker Chandiok &amp; Co. A resolution to remove the well-known audit firm before the expiry of its term received 100 per cent \u2018against\u2019 votes from public institutions. Nevertheless, the resolution was still cleared thanks to \u2018for\u2019 votes from the promoter group, who hold 73.42 per cent stake in the company. In a stock exchange filing, EKI has said the removal of the auditor was \u201con the grounds of unreasonable fee hike, inordinate delay in the conclusion of audit for the fourth quarter and financial year [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-598327","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=598327"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598327\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}