Gufic Biosciences Limited has informed the Exchange regarding Resignation of M/s. Kale & Associates, Cost Accountants as the Cost Auditor of the company w.e.f. May 02, 2025.
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Gufic Biosciences has informed the stock exchanges that M/s. Kale & Associates, Cost Accountants (Firm Registration No. 001819), have resigned as the Cost Auditor of the company with effect from May 2, 2025. The resignation is for the Financial Year 2024-25 and is attributed solely to domestic (personal) reasons of the proprietor, Ms. Sampada Kale. The firm has also given its no-objection for the company to appoint any other person or firm as Cost Auditor for FY 2024-25. The company will need to appoint a replacement Cost Auditor to complete the cost audit for the year. No issues with the company's financials or management have been cited.
This is a routine change driven by personal reasons of the cost auditor's proprietor and does not signal any governance or financial concern at the company. Shareholders are unlikely to see any material impact on the stock, though the company will need to appoint a new Cost Auditor before completing the cost audit for FY 2024-25.