ATAL REALTECH LIMITED has informed the Exchange about Resignation of Statutory Auditor
ATALREAL · price
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A. S. Bedmutha & Co., Chartered Accountants (FRN: 101067W) has resigned as the Statutory Auditor of Atal Realtech Limited, effective May 15, 2025. The firm was originally appointed under Section 139 of the Companies Act, 2013 from FY 2019-20 and had a tenure extending until March 31, 2029. The reason cited is that the firm is preoccupied with other engagements and cannot devote sufficient time to this audit. The resignation letter was signed by Partner Smruti R. Dungarwal (Membership No. 144801). No reasons related to any disagreement with management or governance concerns were mentioned in the letter.
The company will need to appoint a new statutory auditor within the timeframe prescribed under Companies Act, 2013. This is a routine mid-term change driven by the auditor's capacity constraints rather than governance issues, so it is unlikely to materially affect the stock price. Investors should watch for the appointment of a replacement auditor in due course.