Please find the intimation of resignation of Statutory Auditor of Material Subsidiary Company (Monga Strayfield Private Limited)
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Kilburn Engineering Ltd has informed BSE that M/s. Jagdish B. Shah & Associates, Chartered Accountants (FRN 109648S) have resigned as the Statutory Auditor of its material subsidiary, Monga Strayfield Private Limited (MSPL), effective 18th June 2025. The resignation letter has been attached along with the required Annexure-1 disclosure under SEBI Listing Regulations. In the resignation letter, the auditor firm confirmed that there are no other material reasons beyond the resignation itself. No reasons or details about who will replace them as auditor have been disclosed yet.
This is a routine but noteworthy governance update — the statutory auditor of a material subsidiary has stepped down. Shareholders should watch for a follow-up announcement appointing a new auditor for MSPL, as a prolonged vacancy could delay subsidiary audit and consolidation timelines. In the short term, sentiment impact is likely limited since the auditor stated no other material issues triggered the exit.