Appointment of Stautory Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glen Industries Ltd's Statutory Auditor, M/s. S N Guha & Co, resigned effective May 21, 2026. The reason cited was non-renewal of their Peer Review Certificate, which is mandatory for audit firms under ICAI norms. The Board accepted this resignation and appointed M/s. Tosniwal & Associates to fill the casual vacancy. This appointment is subject to shareholder approval at the upcoming General Meeting. The outgoing auditors have confirmed they have no concerns or issues with the company, and the Audit Committee has reviewed and accepted the circumstances of resignation.
The mid-term resignation of an auditor due to regulatory compliance issues (Peer Review Certificate) could raise minor concerns about governance continuity, though the absence of any red flags from the outgoing auditor is reassuring. Shareholders should expect this appointment to be ratified at the next General Meeting.