Joint auditor quits just 15 days after appointment
Awaiting price reaction for this filing.
One of the Joint Statutory Auditors, M/s Kashyap Sikdar & Co, resigned on 11 August 2026, only about 15 days after being appointed on 27 July 2026 for a full 5-year term covering FY2023-24 to FY2027-28. The firm cited professional preoccupation and other professional commitments as the reason for being unable to devote the required time. No audit concerns, qualifications, or governance issues were flagged, and they had already completed the limited review for Q1 FY27 (quarter ended 30 June 2026). The other joint auditor, M/s Shah Dhandharia & Co LLP, continues in the role.
Unusually short tenure exit may raise governance questions for shareholders, but no red flags were reported and the other auditor continues. Limited immediate impact.