Indo Us Bio-Tech Replaces Both Statutory and Internal Auditors

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Indo Us Bio-Tech replaced both its statutory auditor (M/s. Gautam N Associates, resigned 15-Jun-2026) and internal auditor (M/s. Raj Shah & Co, resigned 15-Jun-2026). M/s. Bhagat & Associates appointed as new statutory auditor from 16-Jun-2026, subject to shareholder approval. M/s. J.M. Raval & Co appointed as internal auditor for 5 years (FY26-27 to FY30-31). The outgoing statutory auditor cited administrative and operational restructuring of audit assignments. The new statutory auditor is based in Ahmedabad, near the company's registered office, replacing a Maharashtra-based firm.

Likely market impact

Auditor change tied to operational restructuring. New statutory auditor is local to Ahmedabad. Subject to shareholder approval.