The Company informs about the Resignation of the Secretarial Auditor
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KCD Industries India Ltd informed BSE that both its Statutory Auditor (M/s J. Singh & Associates, FRN: 110266W) and 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 constraints, stating they were unable to complete the audit within the required timelines. The secretarial auditor cited pre-occupation with other professional commitments and staff shortages. Both auditors confirmed there are no other material reasons or concerns to report. The company's Audit Committee and Board will appoint new auditors to fill the casual vacancies in upcoming meetings.
The simultaneous mid-term exit of both auditors mid-tenure, driven by resource constraints and inability to meet audit timelines, may raise governance red flags and delay timely audit completion, potentially affecting compliance timelines. Shareholders should watch for the appointment of replacement auditors and any audit delays in upcoming quarterly results.