Atal Realtech Limited has informed the Exchange regarding Resignation of Mr A S BEDMUTHA AND CO as Other of the company w.e.f. May 15, 2025.
ATALREAL · price
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Atal Realtech Limited has informed the stock exchanges that its statutory auditor, M/s. A S Bedmutha & Co., Chartered Accountants (FRN: 101067W), has resigned with effect from May 15, 2025. The auditor was originally appointed from FY 2019-20 onwards under Section 139 of the Companies Act, 2013. According to the resignation letter, the firm is stepping down because it is preoccupied with other engagements and cannot dedicate sufficient time to this audit. Importantly, the auditor has already completed and issued the audit report for the quarter and year ended March 31, 2025, so the FY25 audit work is not left unfinished. The company will now need to appoint a new statutory auditor to fill the vacancy.
This is a mid-term auditor exit, so Atal Realtech must appoint a replacement statutory auditor within the timelines prescribed under the Companies Act. The reasons cited (capacity constraints) are non-adverse and do not point to any audit concerns or governance red flags. Investors should watch for the appointment of the new auditor, which will be the next key disclosure.