Kamdhenu Ventures Limited has informed the Exchange regarding Resignation of M/s. M C Bhandari & Co., Chartered Accountants, Statutory Auditors of Material Subsidiary Company namely Kamdhenu Colour and Coatings Limited w.e.f. May 09, 2025.
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M/s. M C Bhandari & Co., Chartered Accountants (FRN 303002E) has resigned as the Statutory Auditor of Kamdhenu Colour and Coatings Limited, a material subsidiary of Kamdhenu Ventures, effective May 9, 2025. The auditor had completed the FY25 audit (report dated May 8, 2025) and was originally appointed for a 5-year term running until the 2027 AGM. The reason for resignation is a fee dispute: the auditor had requested a fee increase for FY26 citing higher regulatory workload and rising costs, but the subsidiary declined the proposal. The auditor confirmed there are no governance, evidence, or management-related concerns behind the exit.
Short-term impact is likely limited as the resignation stems from a routine commercial disagreement over fees rather than any audit or governance red flag. However, shareholders should watch for timely appointment of a new statutory auditor at the subsidiary, and any unusually large fee jump or delays in subsidiary audit could draw scrutiny.