Intimation Regarding Resignation of Statutory Auditors with effect from May 06, 2026
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Kisan Mouldings Ltd has received resignation from its Statutory Auditors, M/s Sen & Ray, Chartered Accountants, effective May 6, 2026. The auditors were appointed on September 30, 2022, with their term originally scheduled to conclude at the AGM in 2027-28. The firm cited 'other commitments and other assignments' as the reason for resignation. They will complete their current responsibilities by issuing the audit report for FY 2025-26 at the board meeting on May 5, 2026. The company has confirmed there are no concerns raised by the resigning auditor and no material reasons for the resignation. The CFO, Suresh Kumar Purohit, signed the intimation to BSE.
While the auditor has stated no governance concerns, a midterm resignation before term completion could raise questions among investors about the audit relationship. The company must appoint a new auditor soon, which will require a No Objection Certificate from the outgoing firm.