LYKALABSNSELyka Labs Limited· PharmaceuticalsMediumNeutral
Announced Fri, 9 May · 16:49 IST

Lyka Labs Limited has informed the Exchange about General Updates

Auditor Resigned MidtermManagement Changes View source PDF

LYKALABS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Lyka Labs has informed the stock exchanges that its Cost Auditor, Messrs Sarvottam Rege & Associates (Firm Registration No. 104190), resigned on 8th May 2025 for the financial year 2024-25. The cost auditor cited ineligibility to continue due to taking up another professional assignment. The resignation was made via a formal letter to the company and is being disclosed under SEBI Listing Regulations. The company will need to appoint a new cost auditor to complete the cost audit for FY 2024-25.

Likely market impact

This is a routine, non-statutory auditor change driven by the auditor's own professional commitments rather than any dispute with the company. For shareholders, it is a low-impact procedural event, though the company must appoint a replacement cost auditor in time to meet SEBI timelines for FY25 cost audit compliance.