Statutory Auditor Piyush Kothari and Associates resigns mid-term
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Statutory auditor Piyush Kothari and Associates (FRN 140711W) has resigned with immediate effect from 31 Aug 2026. The firm was appointed on 30 Sept 2025 for a 5-year term ending in 2030, and had already completed the FY25-26 audit. Reason cited is other pressing commitments and pre-fixed assignments. The auditor confirmed the resignation is not intended to reflect adversely on the company and no concerns were raised with the Audit Committee or Board.
Company must appoint a new auditor before the next reporting cycle. Reason is workload, not governance concerns, so impact is largely neutral but adds short-term uncertainty.