Statutory Auditor and Internal Auditor Resignations and New Appointments
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board on 16 June 2026 noted resignation of Statutory Auditor Gautam N Associates (FRN: 103117W) effective 15 June 2026, citing administrative and operational restructuring. Approved Bhagat & Associates (FRN: 101100W) as new Statutory Auditor, subject to shareholder approval. Also noted resignation of Internal Auditor Raj Shah & Co and appointed J.M. Raval & Co for 5 years (FY26-27 to FY30-31). New firms are based in Ahmedabad, closer to company's registered office.
Both auditors replaced at once. Mid-term statutory auditor change may raise governance questions, though company cites operational restructuring as reason.