Statutory Auditor M/s M G S Reddy & Co resigns

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Statutory auditors M/s M G S Reddy & Co, Chartered Accountants (FRN: 020794S) resigned on 15 June 2026, effective immediately. The firm cited pre-occupation with other professional assignments and inability to devote adequate time and resources to the company's audit. The auditor will file Form ADT-3 with the Registrar of Companies. The company must now appoint a new statutory auditor to ensure audit and compliance continuity.

Likely market impact

Mid-term auditor exit may flag governance concerns; company needs to quickly appoint a replacement auditor to avoid audit gaps.