Appointment of Statuory Auditor and Resignation of statuory Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glen Industries Ltd's Board accepted the resignation of M/s. S N Guha & Co (FRN: 301104E) as Statutory Auditors effective May 21, 2026. The firm cited non-renewal of its Peer Review Certificate as the reason for stepping down. The Audit Committee reviewed the circumstances and confirmed the auditors raised no concerns or issues. In a related resolution, the Board approved the appointment of M/s. Tosniwal & Associates (FRN: 327249E) as the new Statutory Auditor to fill the casual vacancy, subject to shareholder approval at the next General Meeting. The new auditor is a professionally managed Chartered Accountancy firm based in Kolkata.
The mid-term auditor change due to peer review certification lapse is unusual but appears procedural with no red flags raised. Shareholders should monitor for any subsequent impact on audit timelines or financial reporting.