Davangere Sugar Company Limited has informed the Exchange regarding Cessation of M/s B. Gangadhara & Co., Internal Auditor of Davangere Sugar Company Limited,with effect from November 30, 2025, due to the sad demise of its Proprietor, Mr. B.Gangadhara.
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Davangere Sugar Company Limited has informed the exchange about the cessation of M/s B. Gangadhara & Co. as its Internal Auditor, effective November 30, 2025. The cessation is due to the sad demise of the firm's Proprietor, Mr. B. Gangadhara. The company will need to appoint a new internal auditor in due course. This is a procedural disclosure linked to an unfortunate event rather than any governance concern.
This is a routine disclosure triggered by the death of the auditor's proprietor and is not a governance red flag. Shareholders should expect the company to appoint a new internal auditor soon to ensure compliance, with no material impact on operations or stock price expected.