THE COMPANY HEREBY INFORMS ABOUT THE RESIGNATION OF THE STATUTORY AUDITOR
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KCD Industries India Ltd has informed the stock exchanges that both its Statutory Auditor, M/s J. Singh & Associates (FRN: 110266W), and its Secretarial Auditor, M/s Deepak Patil & Co., have resigned with effect from January 23, 2026. The statutory auditor cited the resignation of a key partner from the firm and acute staff shortage, which left it unable to complete the audit within statutory timelines. The secretarial auditor cited pre-occupation with other professional commitments and staff constraints. The statutory auditor had been appointed on September 30, 2024, with a term running until September 30, 2028, making this a mid-term exit after only about 16 months. The company stated that the Audit Committee and Board will note the resignations in upcoming meetings and appoint replacement auditors to fill the casual vacancy.
Two auditors quitting on the same date, both citing staff shortages, is unusual and may briefly dent investor confidence, though auditors reported no material concerns. Shareholders should watch for timely appointment of new auditors, especially with FY26 financials due, as any delay in audit completion could affect disclosure timelines.