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Atharv Enterprises' statutory auditor, J Singh & Associates, resigned effective January 21, 2026, citing the recent departure of a key audit partner from the firm which reduced its audit leadership capacity. The auditor did not raise any concerns about the company's affairs or financials, but refused to issue the limited review report for the quarter ended December 31, 2025 and the audit report for FY 2025-26. The Audit Committee met on February 3, 2026, took note of the resignation, and decided to appoint a new statutory auditor on an immediate basis to complete the pending reports.
This is a governance concern — the outgoing auditor is walking away without completing key reports, which creates a gap in financial oversight and may delay timely financial disclosures. Shareholders should monitor for quick appointment of a replacement auditor and watch the upcoming Q3 and FY26 results closely for any surprises; near-term sentiment on the stock is likely to be cautious.