Statutory Auditor resigns citing withheld records and unpaid fees
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Auri Grow India Limited's statutory auditor S Parth and Co resigned effective June 25, 2026, about 10 months after appointment in August 2025. Reasons cited: non-availability of books, records and information needed for audit despite repeated requests, and unpaid professional fees. The auditor stated the inability to obtain evidence was a management-imposed limitation with significant impact on financial statements, and that similar lack of information was also prevalent in prior reported results. The term was originally scheduled to run until the FY 2028-29 AGM.
Serious governance red flag. Claims of withheld records and management-imposed audit limits may worry investors and invite regulatory scrutiny.