We hereby inform you that M/s. Venkatesh & Co., Chartered Accountants, Statutory Auditor have tendered their resignation from the position of the Statutory Auditor with effect from 25-09-2025
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Dindigul Farm Product Ltd's Statutory Auditor, M/s Venkatesh & Co, Chartered Accountants, has resigned effective 25 September 2025. The auditor had been appointed for a five-year term spanning FY 2024-25 to FY 2029-30, meaning the resignation comes just one year into the term. The reason cited is pre-occupation with other professional commitments, and the auditor confirmed there are no other material reasons for stepping down. The audit for FY 2024-25 was already completed on 7 June 2025 before the resignation. The auditor's submission also confirms no concerns about management, no limitations imposed, and no pending information requests. The Board will now initiate the process to appoint a new statutory auditor as required under Section 140 of the Companies Act, 2013.
While the stated reason appears routine and no governance red flags were flagged by the auditor, a midterm resignation shortly after the first audit can occasionally raise investor questions. Shareholders should watch for the appointment of a new auditor; any unexplained delay in filling the vacancy could become a concern.