As Per Letter Attached.
Awaiting price reaction for this filing.
Esha Media Research Ltd has disclosed that its Statutory Auditors, M/s N.A Shah & Associates LLP, Chartered Accountants, have resigned effective May 14, 2026. The auditors were appointed on January 11, 2025, with their term scheduled to expire in 2028-29. The reason stated for resignation is 'not reaching consensus on commercial terms for the said assignment.' The auditors confirmed they had submitted the audit report and limited review report for FY ended March 31, 2026, and stated there were no concerns prior to resignation. The company confirmed no other material reason exists for the resignation, signed by MD Siddharth Saraf.
The mid-term resignation of auditors over fee disputes may raise concerns among investors about corporate governance and financial reporting continuity. The company will need to appoint new auditors to complete remaining audit obligations for FY 2026-27.