KESORAM INDUSTRIES LIMITED has informed the Exchange about Resignation of Statutory Auditor
KESORAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kesoram Industries informed the exchanges that M/s Neha Bothra & Co., Chartered Accountants (Firm Reg No. 326938E) have resigned as Statutory Auditors of Cygnet Industries Limited, a material subsidiary of Kesoram. The auditor was originally appointed on 28 June 2021 for a five-year term but is stepping down after four years, effective from the conclusion of Cygnet's 10th AGM. The reason cited is to comply in spirit with recent regulatory developments around the responsibilities placed on statutory auditors of holding companies in group audits. The auditor has already completed the FY2024-25 audit (report dated 17 April 2025) and explicitly stated no concerns, disputes, or inability to obtain information from management. No other material reasons were declared.
This is a relatively routine, voluntary resignation at the subsidiary level rather than a red flag — no audit concerns or governance issues were raised, and the FY25 audit was already completed. Shareholders should note Kesoram/Cygnet will need to appoint a new statutory auditor soon. Short-term impact on the stock is likely neutral.