Intimation of u/r Regulation 30 (LODR) for resignation of statutory auditor enclosed herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.6 pts less than its Retailing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ace Men Engg Works Ltd has informed the stock exchange that its statutory auditor, M/s. J Singh & Associates (FRN: 110266W), has resigned effective January 27, 2026, well before the end of their term on September 30, 2027. The auditor cited the resignation of a key partner who was primarily overseeing the company's audits, combined with acute staff shortages, as reasons for not being able to complete the audit within required timelines. The auditor confirmed there were no concerns about the company's management, financials, or any other material reasons for stepping down. The latest report submitted by the auditor was a limited review for the quarter ended September 30, 2025, filed on November 14, 2025. The company will now need to appoint a new statutory auditor in a timely manner to avoid any disruption to its audit cycle.
Since the resignation is driven by the auditor firm's internal resource issues rather than any company-related concerns, the immediate impact on shareholders is expected to be limited. However, investors should watch for the timely appointment of a replacement auditor, as any delay could affect the completion of the upcoming annual audit.