Disclosure under Regulation 30 of SEBI(LODR), 2015 regarding the resignation of statutory auditor w.e.f 06/05/2025.
Awaiting price reaction for this filing.
Tiaan Consumer Limited has informed the BSE that its statutory auditor, M/s N K Bhat & Associates (FRN: 011556N), has resigned effective May 6, 2025. The auditor was appointed only on February 13, 2025, with the term originally scheduled to expire on September 30, 2025 — making this a mid-term exit. The resignation is attributed solely to the auditor's ongoing health issues and the need for surgery, rendering him unable to discharge his duties. The auditor confirmed there were no concerns, no management-imposed limitations, and no disputes with the company, and even expressed willingness to rejoin in the future once recovered. The company has not yet announced a replacement auditor.
For shareholders, this is largely a neutral event since the resignation is health-driven with no governance red flags or audit qualifications cited. However, the company will need to appoint a new statutory auditor soon to ensure timely audit of its financial statements.