as per the attached document
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Banganaga Paper Industries Limited has informed BSE that its Statutory Auditor, M/s. Jain Chhajed & Associates (FRN: 127911W), has resigned from the position effective 3rd September 2025. The auditor was originally appointed on 7th August 2024, with a term scheduled to expire on 31st March 2025, but had continued to serve and issued the limited review report for the quarter ended 30th June 2025. The cited reason for resignation is 'pre-occupation' of the firm with other professional assignments, making it unable to devote adequate time and resources to the company's audit. The resignation letter from the auditor states no other material reasons and notes no concerns about the company's management or financial information.
Shareholders should note that the company will need to appoint a new statutory auditor soon, and any short gap in audit coverage could delay the next set of financial results. Auditor resignations, even for benign reasons like pre-occupation, can sometimes raise governance questions and may be viewed cautiously by the market until a replacement is announced.