Lyka Labs Limited has informed the Exchange regarding Resignation of Rajaram Madhav Walavalkar & Co., Cost Accountant as Other of the company w.e.f. March 05, 2026.
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Lyka Labs Limited has informed the stock exchanges that its Cost Auditors, Messrs Rajaram Madhav Walavalkar & Co. (Firm Registration No. 003584), have resigned effective March 5, 2026. The cost accounting firm cited inability to continue due to being engaged in another professional assignment. The resignation pertains to the ongoing financial year 2025-26, meaning the company will need to appoint a new cost auditor before the year-end cost audit requirements are due. The company has not raised any governance or quality concerns regarding the outgoing auditors.
This is a routine auditor change driven by the cost auditor's own professional commitments and is not indicative of any governance or financial issues at the company. Shareholders should note the company will need to appoint a replacement cost auditor for FY26, but the event is unlikely to have a material impact on the stock price.