Intimation under regulation 30 of SEBI(LODR) Regulation, 2015 for resigantion of statutory auditor
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M/s. Milind Nyati & Co. LLP, Chartered Accountants based in Ahmedabad, has resigned as the Statutory Auditor of Aten Papers & Foam Limited with effect from 14th November 2025. The auditor was originally appointed on 30th September 2024 for a full five-year term covering FY2024-25 to FY2028-29, with the term scheduled to expire on 31st March 2029, making this a midterm exit roughly one year into the tenure. The stated reason is pre-occupation in other professional assignments, and the auditor explicitly confirmed there are no other material reasons behind the resignation. Before stepping down, Milind Nyati & Co. completed the limited review of the company's half-yearly financial results for the period ended September 2025 and issued their limited review report. No concerns, disagreements, or communication issues with the Audit Committee or Board were flagged in the resignation disclosure.
Midterm auditor exits generally warrant close attention, but the cited reason (workload elsewhere) and absence of any flagged concerns or management disputes suggest this is unlikely to be governance-related. Shareholders should, however, monitor how quickly the company appoints a replacement auditor, as prolonged vacancies can delay filings and audits, and watch for any future disclosures that contradict the clean exit narrative.