Auditor resigns over fee dispute; new auditor appointed, Q1 FY27 results flag going concern uncertainty
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Addi Industries' statutory auditor B.R. Gupta & Co resigned on Aug 1, 2026 mid-term over a fee dispute (company refused higher audit fees as recommended by ICAI). No concerns raised about management. Shilpi Sharma and Co LLP appointed as replacement, pending shareholder approval. Q1 FY27 standalone results: revenue from operations Rs 209.08 lakh, net profit Rs 86.45 lakh. Auditor flagged material going concern uncertainty as company explores new business ventures, though management cites cash reserves, positive net worth and no borrowings.
Mid-term auditor exit over fees is a yellow flag; going concern note adds uncertainty despite positive cash position