We wish to inform you that M/s Sarna & Aggarwal, Chartered Accountant( FRN no 0011796C) have tendered his resignation w.e.f 24.05.2025.
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Awaiting price reaction for this filing.
Encode Packaging India Limited has informed the stock exchange that its statutory auditor, M/s Sarna & Aggarwal, Chartered Accountants (FRN 0011796C), has resigned with effect from 24 May 2025. The auditor cited preoccupation with other official work as the reason and confirmed there are no concerns with the company or its management. The firm was originally appointed on 4 July 2022 with a term scheduled to run until 30 September 2027, making this a mid-term exit well ahead of schedule. The last report submitted by the outgoing auditor was the limited review report for the quarter ended December 2024, signed on 14 February 2025. The company has not yet announced a replacement auditor in this filing.
An unplanned auditor change mid-term can create short-term uncertainty for shareholders and may delay audit-related timelines until a new statutory auditor is appointed. However, the outgoing auditor has explicitly stated there are no concerns, which limits the negative signal.