Kamdhenu Ventures Limited has informed the Exchange regarding Resignation of Ms M.C Bhandari & co, Chartered Accountants, Statutory Auditors of the Company w.e.f. May 09, 2025.
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Kamdhenu Ventures Limited's statutory auditor, M/s. M C Bhandari & Co., Chartered Accountants, has resigned with immediate effect from May 9, 2025. The auditor had been appointed in July 2022 for a five-year term ending at the 8th AGM in 2027, meaning this is a mid-term exit roughly 2.5 years early. According to the resignation letter, the firm had requested a fee increase for FY 2025-26 citing higher regulatory requirements and rising company operations, but the management declined the proposal. The auditor stated the existing fees were not enough to conduct an audit in line with ICAI Standards. Importantly, the auditor had already completed and signed off on the FY 2024-25 audit on May 8, 2025, and confirmed there are no other material reasons for quitting.
Investors should note this is a mid-term auditor departure driven by a fee disagreement rather than any audit or governance concerns. Since the FY25 audit is already signed off, there is no immediate risk to reported financials, but the company must appoint a new auditor quickly to avoid a compliance gap. Short-term sentiment may be mildly negative as sudden auditor changes often invite scrutiny, though the disclosed reason is benign.