Intimation under Regulation 30 (LODR) regarding resignation of statutory auditor due to pre-occupation and other professional commitments.
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Droneacharya Aerial Innovations Ltd has informed the stock exchange that its statutory auditor, KPRK & Associates LLP (Chartered Accountants, Nagpur), has resigned effective October 20, 2025. The auditor was originally appointed on September 30, 2022, with the term scheduled to run until March 31, 2027, making this a mid-term exit. The stated reason is pre-occupation and other professional commitments, with no concerns, qualifications, or management-imposed limitations flagged. The auditor's latest report (for FY ended March 31, 2025) was submitted on September 27, 2025 without issues. The company will need to appoint a new statutory auditor to fill the vacancy.
Mid-term auditor resignations without stated concerns are generally routine, but shareholders should watch for timely appointment of a replacement auditor. Lack of any flagged governance issues in the resignation letter is a mildly positive signal.