Indus Fila Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Indus Fila Limited's statutory auditor, M/s. Tolwani & Associates, resigned effective April 29, 2026, citing pre-occupation with other assignments. The company appointed M/s. CAAG & Associates as the replacement auditor for FY 2025-26. Notably, the previous auditor had been appointed only in September 2025 with a term scheduled to expire in 2029-30, making this a mid-term change. CAAG & Associates is an established firm with over 24 years of experience, operating from offices in Aurangabad, Mumbai, and Surat.
The mid-term resignation of an auditor may raise minor concerns about governance and continuity of audit quality, though the stated reason (pre-occupation) appears routine. Shareholders should note the replacement was made promptly and approved by the Audit Committee.