Intimation of Resignation of Statutory Auditor. Resignation letter along with details as per SEBI Circular are attached.

Auditor resigned mid-termManagement Changes View source PDF Explain this filing

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AI summary

Kiran Syntex Ltd has informed the BSE that MMS and Associates, Chartered Accountants (Surat), has resigned as the company's Statutory Auditor with immediate effect from 15 July 2025. The auditor cited pre-occupation (being busy with other work) as the reason and confirmed there are no other concerns, qualifications, or management-related issues behind the resignation. MMS and Associates was originally appointed on 27 September 2022 and their term was scheduled to run until 2027, making this a mid-term exit. Their last audit report was submitted on 14 July 2025, just a day before the resignation. The company has not yet announced a replacement auditor.

Likely market impact

Since the reason is routine (auditor's pre-occupation) and no audit concerns were flagged, the immediate impact on shareholders is likely limited. However, the company will need to appoint a new statutory auditor soon to avoid any compliance gaps, and investors should watch for the new appointment announcement.