Disclosure under Regulation 30 of SEBI(LODR), 2015 regarding resignation of Statutory Auditor "NK Bhat & Associates with effect of 06th may, 2025.
Awaiting price reaction for this filing.
Golkonda Aluminium Extrusions has informed the stock exchange that its statutory auditor, M/s N K Bhat & Associates (FRN: 011556N), has resigned with effect from May 6, 2025. The auditor was appointed on February 13, 2025, with the term originally scheduled to expire on May 12, 2025 — so the resignation came just 6 days before the end of a roughly 3-month tenure. In the resignation letter, auditor N K Bhat cited ongoing health issues and the need for surgery, stating he is unable to effectively discharge his duties. Importantly, he confirmed there were no concerns with management, no issues obtaining audit information, and no governance-related reasons behind the exit. The last audit/limited review report was submitted on February 14, 2025.
This is a personal, health-driven resignation rather than a governance red flag — the auditor explicitly ruled out any management or disclosure-related concerns. The company will need to appoint a new statutory auditor soon. Shareholders should not read this as a warning about financial reporting quality.