Geekay Wires Limited has informed the Exchange about Resignation of Statutory Auditor
GEEKAYWIRE · price
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Geekay Wires Limited announced the resignation of its statutory auditor, M/s M.M. Palod & Co, Chartered Accountants, effective May 28, 2026. The resignation comes due to mandatory auditor rotation requirements under the Companies Act, 2013, as the firm was approaching its maximum permissible audit tenure limit in September 2026. The outgoing auditor confirmed it had completed and issued the Independent Auditor's Report for the financial year ended March 31, 2026. The company stated that a new statutory auditor will be appointed to comply with rotation requirements. The auditor declared there are no concerns, disputes, or limitations on audit scope that need to be brought to the attention of the board or regulators.
This is a routine regulatory compliance matter related to mandatory auditor rotation. The resignation is expected and does not indicate any financial or governance concerns. The company must appoint a new auditor to fill the vacancy, which is standard practice.