INTIMATION OF RESIGNATION OF STATUTORY AUDITORS OF THE COMPANY.
Awaiting price reaction for this filing.
Burnpur Cement Ltd informed stock exchanges that M/s. Agarwal HP & Associates, Chartered Accountants, resigned as Statutory Auditors effective May 27, 2025. The auditor, CA Harsh Agarwal, cited personal health issues that prevented him from travelling and consequently completing the audit for FY 2024-25. The firm had been appointed for a 5-year term starting September 19, 2024, and had only completed the limited review for Q3 FY25 (quarter ended December 31, 2024), with the report issued on February 10, 2025. The Board accepted the resignation and stated there are no other reasons beyond those mentioned in the resignation letter. The company has not yet disclosed the appointment of a replacement auditor, and the FY 2024-25 annual audit now remains incomplete.
This is a mid-term auditor resignation, which may delay the finalisation and disclosure of FY 2024-25 audited results. While the stated reason (health issues) appears non-adverse, investors should watch for timely appointment of a new auditor and any signs of audit-related disputes.