Resignation of Internal Auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Alfa Transformers Ltd has received resignation from M/s. Goutam & Co, Chartered Accountants (FRN: 326869E), who were serving as the Internal Auditors for Financial Year 2025-26. The resignation became effective from close of business on 26th May 2026. The firm cited completion of their internal audit engagement for FY 2025-26, having submitted the final Q4 Internal Audit Report on 25th May 2026. Notably, the reason for resignation is that Goutam & Co has been appointed as Statutory Auditor of the Company, pending shareholder approval at the ensuing AGM. The resignation letter confirms no pending internal audit reports, unresolved observations, or incomplete assignments.
This appears to be a positive and routine transition rather than a governance concern. The internal auditor is being elevated to statutory auditor role, which is subject to independence requirements under audit regulations. No adverse impact on shareholders is expected; the company will need to appoint new internal auditors for the remaining period.