Indus Fila Limited has informed the Exchange regarding Resignation of Ms Tolwani and Associates as Statutory Auditor of the company w.e.f. April 29, 2026.
Awaiting price reaction for this filing.
Indus Fila Limited announced the resignation of its statutory auditor, M/s Tolwani & Associates, effective April 29, 2026. The auditor cited pre-occupation with other assignments as the reason for leaving. The company had appointed Tolwani & Associates just months earlier in September 2025, with their term originally scheduled to expire in 2029-30. The Board has appointed M/s CAAG & Associates as the replacement auditor to conduct the audit for FY 2025-26 and hold office until the conclusion of the ensuing Annual General Meeting. 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 the statutory auditor may raise concerns among investors about potential governance issues or disagreements, though the replacement was made promptly. The relatively short tenure of the outgoing auditor (about 7 months) could signal underlying issues.