Resignation of Statutory Auditor M/s. Rishi Sekhri & Associates.
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Avance Technologies has informed the stock exchange that its Statutory Auditor, M/s. Rishi Sekhri & Associates (FRN: 128216W), has resigned with effect from 24th April 2026. The auditor, originally appointed on 30th September 2022 for a five-year term ending 31st March 2027, is stepping down due to serious medical conditions that prevent them from discharging their professional duties. No concerns or qualifications were raised by the auditor, and the last report submitted was the limited review for Q2/H1 FY26 ended 30th September 2025. The Board will appoint a new Statutory Auditor to fill the resulting casual vacancy and will inform the exchange in due course.
The resignation is driven by health reasons and no governance or audit concerns have been flagged, which limits negative implications. However, investors should watch for timely appointment of a new auditor, as any delay could affect audit timelines and create uncertainty around forthcoming financial reporting.