Statutory auditor resigns due to firm merger; replacement recommended
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Futuristic Securities' statutory auditor M/s. MAKK & Co. resigned effective August 11, 2026, following its merger with M/s. MKPS & Associates LLP. The Audit Committee reviewed the resignation at its August 11 meeting and found no material concerns beyond the stated merger reason. It has recommended appointing MKPS & Associates LLP (FRN: 302014E/W101061) as the new statutory auditor to fill the casual vacancy, subject to shareholder approval.
Routine auditor change driven by firm merger, not governance issues. Audit Committee flagged no material concerns. Likely neutral for shareholders.