Statutory Auditor resigns mid-term over fee dispute
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bagdia and Company, Chartered Accountants, has resigned as Statutory Auditor of Arigato Universe Limited effective 13 August 2026. The firm was appointed in September 2023 for a five year term running until 2028, so this is a mid-term exit. The reason is a fee dispute: the auditor sought higher audit fees citing increased scope and regulatory changes, but management did not accept the revision. The auditor confirmed no other concerns and had already completed the FY26 audit and several limited reviews.
Company must appoint a new statutory auditor soon. Fee disputes alone are not alarming, but a mid-term auditor exit can briefly raise governance eyebrows until a replacement is named.