Appointment of Statutory Auditor of the Company

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Galaxy Agrico Exports Ltd's Board meeting on May 30, 2026 approved the audited financial results for Q4 and FY ended March 31, 2026. The Board also accepted the resignation of statutory auditor M/s. HB Kalaria & Associates (appointed just September 29, 2025) citing increasing professional commitments. The firm resigned with immediate effect, confirming no disputes or concerns with management. In replacement, the Board appointed M/s. NKSC & Co (Firm Registration No. 020076N, based in New Delhi) as the new statutory auditor effective June 1, 2026 for FY 2026-2027.

Likely market impact

The mid-term resignation of the auditor within less than a year of appointment may raise governance concerns among investors, though management has stated no disputes exist.