Laxmi Cotspin Limited has informed the Exchange about Resignation of Statutory Auditor
LAXMICOT · price
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D M K H & Co., Chartered Accountants, has resigned as the statutory auditor of Laxmi Cotspin Limited effective May 25, 2026. The auditor cited 'other occupancy and commitments' as the reason for stepping down. They had been serving as auditor since May 27, 2022, completing four years through FY 2025-26. The auditor confirmed there are no material concerns or reasons beyond what was stated, and they completed the audit report for the year ended March 31, 2026 before resigning. The scheduled term was set to expire at the company's 22nd AGM in 2027.
The resignation appears routine with no red flags raised. The company will need to appoint a new auditor to fill the vacancy before the next audit cycle. Shareholders should monitor for the appointment of a replacement auditor in the coming weeks.