Octaware Technologies appoints JBK & Associates as statutory auditor

ScanX News Octaware Technologies appoints JBK & Associates as statutory auditor 1 min read | Published on 08 Sept 2026, 09:48 PM | Updated on 08 Sept 2026, 09:48 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Octaware Technologies has approved the appointment of JBK & Associates as its statutory auditor for a term of five years. The decision requires shareholder approval at the company's 21st Annual General Meeting scheduled for September 30, 2026. The Board of Directors, acting on the recommendation of the Audit Committee, made the resolution during its meeting on September 8, 2026. This appointment replaces M/s DGMS & Co., whose tenure concludes at the ensuing AGM. Appointment Details JBK & Associates will serve as the statutory auditor from the conclusion of the 21st AGM until the conclusion of the 26th AGM, which is expected to be held for the fiscal year ending March 31, 2031. The firm, established in 2013, is based in Delhi and provides services in accounting, taxation, auditing, and consultancy. The proposed remuneration for the audit firm is ₹1,50,000 plus applicable taxes and reimbursement of out-of-pocket expenses, subject to final board approval. The firm has confirmed its eligibility under the Companies Act, 2013, and stated that there are no disqualifications. Regulatory Disclosures The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details regarding the appointment are outlined below: Particulars Details Auditor Name JBK & Associates Firm Registration No. 026227N Term Start Conclusion of 21st AGM (Sept 30, 2026) Term End Conclusion of 26th AGM (FY31) Remuneration ₹1,50,000 + taxes + expenses Director Relationships Nil The Audit Committee has confirmed that there are no relationships between the directors and the proposed auditor. Additionally, the firm does not hold any committee memberships or chairmanships within Octaware Technologies. Historical Stock Returns for Octaware Technologies 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% How might the five-year tenure of JBK & Associates impact Octaware Technologies' long-term financial reporting consistency and audit quality? fuzz it Does the fixed remuneration of ₹1,50,000 per annum remain competitive given the firm's multi-year commitment and potential inflationary pressures on professional services? fuzz it What specific strategic or operational changes at Octaware Technologies prompted the board to replace the outgoing auditor, DGMS & Co., after their tenure? fuzz it ScanX News Octaware Technologies appoints JBK & Associates as statutory auditor 0 min read | Published on 20 Aug 2026, 06:36 PM | Updated on 20 Aug 2026, 06:36 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Octaware Technologies has accepted the resignation of Shahnawaz Aijazuddin Shaikh from the position of Chief Financial Officer and Key Managerial Personnel. The Board of Directors approved the resignation during its meeting held on August 20, 2026. Shaikh's resignation is effective from the close of business hours on August 10, 2026. He cited personal reasons and professional commitments as the basis for his departure. The company stated there are no material reasons for the resignation other than those disclosed. Regulatory Disclosure The disclosure was made pursuant to Regulation 30 read with Para A, Part A, Clause 7 of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mohammed Aslam Quadratullah Khan, Managing Director, signed the filing on behalf of the company. Tenure Details Shaikh was appointed as Chief Financial Officer on August 8, 2022. In his resignation letter, he confirmed that he would ensure a smooth transition by handing over all records, documents, responsibilities, and company assets. He also pledged to extend necessary assistance to facilitate an orderly transfer of duties. The company placed on record its appreciation for Shaikh's contributions during his tenure. Historical Stock Returns for Octaware Technologies 1 Day 5 Days 1 Month 6 Months 1 Year 5 Years 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Who has been appointed as the interim or permanent replacement for the CFO position, and what is their relevant experience? fuzz it How might this leadership change impact Octaware Technologies' upcoming financial reporting and investor confidence? fuzz it Are there any pending regulatory audits or financial reviews that could have influenced the timing of this resignation? fuzz it view all