Pursuant to Regulation 30 of LODR, we wish to inform you that M/s LLB & Co., Chartered Accountants (FRN: 117758W), joint Statutory Auditor of the Company tendered their resignation vide ....
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M/s LLB & Co., Chartered Accountants (FRN: 117758W), one of the joint statutory auditors of Inducto Steel Ltd, has tendered their resignation from the position. The resignation has been communicated to the company and is being disclosed to the stock exchanges as required under Regulation 30 of the Listing Obligations and Disclosure Requirements (LODR). No further details about the reason for resignation or replacement auditor were mentioned in the available excerpt.
Auditor resignations, especially mid-term, can raise governance concerns among investors and may lead to short-term uncertainty about the stock. Shareholders should watch for further disclosures regarding the reasons for resignation and appointment of a new auditor.