Announced Tue, 8 Sept, 2026 · 21:32 IST
Statutory Auditor resigns mid-term over fee and scope disagreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
M/s S.N. Gadiya and Co., Chartered Accountants resigned as Statutory Auditor of Gallard Steel with immediate effect on 8 September 2026. The reason cited was inability to arrive at mutually acceptable terms on professional fees and scope of services. The auditor was appointed at the 2024 AGM with term running until 2029, making this a mid-term exit. The company stated no concerns were raised by the auditor regarding management or financial statements.
Likely market impact
Mildly negative signal. Company denies any governance issues. May cause short-term uncertainty until a new auditor is appointed.