Auditor resigns mid-term; board revamp with 3 new directors, new CFO and new CS
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Statutory auditor GAMS and Associates LLP resigned on 12 June 2026 citing other professional commitments, effective immediately. Two directors, Rajesh Kumar Vaid and Parul Kumar, also exited. The board filled gaps by appointing P.K. Drolia and Co as new statutory auditor, adding three new directors (two independent, one non-executive), and bringing in a new CFO (Gopal Dalmia), Company Secretary (Joydeep Datta Gupta) and Manager (Shomik Kumar Mukherjee). The company also proposed a name change and moved corporate office to Kolkata.
Auditor exit before term-end raises some concern, but board has filled key roles quickly. Watch the proposed name change for clues on future direction.