Statutory Auditor Resigns Mid-Term Citing Workload Issues
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Kaarya Facilities and Services' statutory auditor M/s Piyush Kothari and Associates resigned effective 31 August 2026, about a year into a five-year term. The firm cited pressing commitments and pre-fixed assignments, saying it could not do full justice to the audit. They had completed the FY25-26 audit in May 2026 and explicitly stated the exit is not meant to reflect adversely on the company, with no governance concerns flagged.
Company must appoint a new auditor soon. No governance red flags raised, but mid-term auditor exits can prompt investor questions about future audit continuity.