Resignation of Statutory Auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acme Resources Ltd's statutory auditor, M/s Agarwal & Dhandhania, Chartered Accountants (FRN:125756W), has resigned effective August 13, 2025, well before the end of their 5-year term that was scheduled to run until the AGM for FY ending March 2026. The auditor cited a significant geographic mismatch — their firm is based in Gujarat while the company's operations are in Delhi — leading to higher operational costs, combined with unaddressed requests from the auditor to raise their professional fees. All pending audit work, including the limited review for the quarter ended June 30, 2025, has been completed, and the auditor confirmed there are no concerns about the company's management or any other circumstances to flag to shareholders.
This is a mid-term auditor exit triggered by logistical and fee-related disagreements rather than any governance red flag, so the direct risk to shareholders is limited. However, investors should watch for the appointment of a new auditor and review future filings carefully, as fee disputes with auditors can occasionally hint at friction that warrants closer scrutiny.