Statutory Auditor TLB and Co. resigns; RNM and Associates appointed

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

BILVYAPAR · price

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AI summary

BIL Vyapar (formerly Binani Industries), currently under Corporate Insolvency Resolution Process, accepted the resignation of statutory auditor TLB and Co. effective August 4, 2026. The auditor cited pre-occupation with other professional commitments. RNM and Associates, a Lucknow-based Chartered Accountants firm with 4 branches and 6 partners, was appointed as the new statutory auditor, pending shareholder approval at the next AGM.

Likely market impact

Routine auditor rotation under CIRP. Reason given is professional workload, no governance red flags. Track AGM approval and any new audit findings.