Statutory Auditor resigns midway through five year term
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Statutory Auditor Prakash Tekwani and Associates has resigned effective 6 August 2026, roughly three years before the end of their term which was due to expire at the 2029 AGM. The firm, appointed in September 2024, cited audit fees that are not commercially viable relative to the scope of work and resources required. The auditor confirmed there were no reportable concerns about the company and their last filing was the Q1 FY27 limited review report submitted on 27 July 2026.
Company must appoint a new statutory auditor soon to fill the casual vacancy. Mid-term auditor change is a minor governance red flag, though the cited reason (low fees) is routine.