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.
Golkonda Aluminium Extrusions Ltd has informed the stock exchanges that its statutory auditor, M/s N K Bhat & Associates (FRN 011556N), resigned effective May 21, 2025. Notably, the auditor was only appointed on May 13, 2025, meaning they stepped down just 8 days into a term that was scheduled to run until August 12, 2025. In their resignation letter, the auditor cited personal health issues as the reason for being unable to continue. The company stated there were no concerns raised by the auditor prior to resignation and no management-imposed limitations on audit work. The last audit report was submitted on February 14, 2025. The company has not yet disclosed who will replace the auditor.
While the cited reason (health issues) is benign, an auditor quitting just 8 days after appointment is unusual and may briefly raise governance questions among investors. Shareholders should watch for prompt disclosure of a new statutory auditor, as a gap could delay the audit cycle.