Statutory and Internal Auditor changes at Indo Us Bio Tech
INDOUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved changes to both auditors on June 16, 2026. Statutory auditor M/s. Gautam N Associates resigned effective June 15, citing administrative and operational restructuring of audit assignments; M/s. Bhagat & Associates (Ahmedabad-based) appointed in their place from June 16, subject to shareholder approval. Internal auditor M/s. Raj Shah & Co. also resigned effective June 15, with M/s. J. M. Raval & Co. appointed for five years (FY2026-27 to FY2030-31). The outgoing statutory auditor noted the switch was to enable closer local coordination from Ahmedabad.
Mid-term auditor changes can raise governance flags for investors, though reason cited is operational restructuring. New statutory auditor appointment needs shareholder approval at the next AGM.