Statutory Auditor B Khosla and Co resigns mid-term citing partner constraints

Auditor resigned mid-termManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹130.05

prior close

₹129.71

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.8% vs market

Granites & Marbles peers, median of 7sector+0.3%+2.4% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.4 pts more than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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AI summary

B Khosla and Co, Chartered Accountants have resigned as Statutory Auditor of Global Surfaces Limited and its US subsidiary Global Surfaces Inc, effective November 13, 2025. The firm cited pre-occupation of partners and lack of alternative resources for partner rotation under ICAI standard SQC 1. They were midway through a 5-year term from September 2023 AGM to 2028 AGM. The auditor confirmed no concerns about management and had already issued the Q2 FY26 limited review and FY25 audit report. The Board and Audit Committee accepted the resignation and will appoint a new auditor to fill the casual vacancy.

Likely market impact

Reason is internal to the audit firm, not company-related, and no governance concerns were flagged. Watch for quick announcement of a replacement auditor.