Resignation of M/s D. Kothary & Co as Statutory Auditors of the Company wef 6th August 2025
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Awaiting price reaction for this filing.
Continental Controls Ltd informed the stock exchange about several board-level changes decided at the August 6, 2025 meeting. The board noted and accepted the resignation of statutory auditor M/s D. Kothary & Co (FRN: 105335W), effective immediately, just after they submitted the limited review report for Q1 FY26 (quarter ended June 30, 2025). The auditor cited 'change in management' as the reason they could not continue. Company Secretary Ms. Anushree Tekriwal also resigned for personal reasons effective end of day August 6, 2025. In her place, the board appointed Ms. Jyoti Darade as the new Company Secretary and Compliance Officer effective August 7, 2025. The unaudited financial results for Q1 FY26 were also approved at the same meeting.
The auditor quitting midterm over a 'change in management' is a red flag for shareholders and may worry the market; investors should watch for the appointment of a replacement auditor and any further management-level disclosures.