It is hereby informed that company has received resignation letter from Internal Auditor of the company. The company would consider the appointment of new Internal auditor in due course ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Pune-based IT and telecom company informed the BSE that its internal auditor, M/s. Sachin Gogave & Co. LLP (Chartered Accountants, FRN 131367W/W100895), has resigned from the position effective 31st March 2025. The resignation letter was dated 25th July 2025 and cited 'preoccupation and other internal reasons' as the cause. Notably, the company received this letter only on 23rd March 2026 — roughly 8 months after the letter was written and almost a year after the auditor actually ceased functioning. The Audit Committee and Board will consider appointing a new internal auditor in due course.
The 8-month gap between the resignation letter date and disclosure to the exchange raises a corporate governance red flag for retail investors, as the company effectively operated without an active internal auditor for an extended period. While the change itself is routine, the delayed communication may draw regulatory scrutiny and weaken investor confidence in the company's disclosure practices.