Statutory Auditor M/s Patwa and Shah resigns mid-term
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Focus Lighting and Fixtures' statutory auditor M/s Patwa and Shah has resigned effective August 11, 2026, citing pre-occupation and increased professional commitments. The firm was appointed on August 5, 2025 for a 5-year term ending with the 25th AGM for FY 2029-2030. They had already submitted the limited review report for Q1 FY27 (quarter ended June 30, 2026). The auditor confirmed no material reasons beyond pre-occupation. The Board has noted and acknowledged the resignation.
Mid-term statutory auditor exit after about a year may worry investors; company needs to appoint a new auditor, adding short-term uncertainty.