Disclosure of Resignation of Statutory Auditor "N K bhat & Associates" w.e.f 21/05/2025 as per Regulation 30 of SEBI(LODR), 2015.
Awaiting price reaction for this filing.
Tiaan Consumer Ltd has informed the stock exchange that its statutory auditor, M/s N K Bhat & Associates (Firm Registration No. 011556N), has resigned from the position effective May 21, 2025. Notably, the auditor was appointed just 8 days earlier on May 13, 2025, with the term scheduled to run until August 12, 2025. The reason cited for resignation is ongoing health issues and the need to undergo surgery, as stated in the auditor's letter. No concerns about management, financial statements, or audit evidence limitations were raised. The last audit report was submitted on February 14, 2025. The company must now appoint a new statutory auditor to fill the vacancy.
This is a routine auditor change driven by personal health reasons rather than any governance or financial concerns, which is mildly reassuring for shareholders. However, investors should watch for prompt appointment of a new auditor to ensure timely audit completion and avoid any compliance delays.