Statutory Auditor H D Gupta and Associates LLP resigns mid-term
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Statutory Auditor H D Gupta and Associates LLP resigned effective 28 August 2026, less than a year after reappointment at the 31st AGM on 27 September 2025. Their original term was scheduled till the 36th AGM in 2030. Reason cited by the firm: reduction in qualified staff led it to restrict professional services to maintain audit quality. Last report filed was the Q1 limited review for quarter ended 30 June 2026. No concerns or disagreements were flagged before resignation. Company will appoint a new auditor to fill the casual vacancy.
Mid-term auditor exit may raise short-term governance concerns; investors should await clarity on the new auditor appointment.