Astron Paper & Board Mill Limited has informed the Exchange about Resignation of M/s SNDK & Associates LLP as Statutory Auditor of the Balaram Paper Pvt Ltd, Wholly owned Subsidiary of the Company
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Astron Paper & Board Mill Limited has informed the exchange that M/s SNDK & Associates LLP has resigned as the Statutory Auditor of its wholly owned subsidiary, Balaram Paper Pvt Ltd. The resignation pertains only to the subsidiary entity and not to the parent company, Astron Paper. The reason for the auditor's resignation has not been disclosed in the announcement. No immediate replacement auditor has been named in this filing.
Auditor resignations, even at the subsidiary level, can raise governance questions and may lead to short-term uncertainty. Shareholders should watch for the appointment of a new auditor for Balaram Paper and any further disclosures on the reason for resignation, as these could affect sentiment.