Confidence Petroleum India Limited has informed the Exchange about General Updates-Resignation of Statutory Auditor (Joint)
CONFIPET · price
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Confidence Petroleum India Limited has informed the exchanges that L N J & Associates, Chartered Accountants (FRN: 135772W), one of its Joint Statutory Auditors, has resigned effective December 30, 2025. The firm was originally appointed at the 27th Annual General Meeting on September 30, 2021, for a 5-year term ending at the 41st AGM for FY 2026-27, making this a midterm exit. The auditor cited preoccupation with personal and professional commitments as the reason for stepping down. The auditor confirmed there is no dispute with the company, no concerns about information suppression by management, and that all requested information was provided. They had completed the FY25 annual audit and the Q2 FY26 limited review before resigning.
This is a routine auditor change with no flagged governance concerns or disputes, but shareholders should watch for the appointment of a replacement auditor. Midterm auditor resignations can sometimes raise red flags, though in this case the reasons stated are personal and the auditor explicitly cleared the company of any suppression of information.