M K Proteins Limited has informed the Exchange about Audit Committee s Views on the Resignation of Statutory Auditor
MKPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
M K Proteins Limited's statutory auditor, M/s. KRA & Co., Chartered Accountants (FRN: 020266N), resigned on 5th August 2025. The company had expressed its intention to appoint a local Chartered Accountant firm for operational ease, better accessibility, and improved coordination, and the auditor stepped aside accordingly. The Audit Committee met on 12th August 2025 to review the resignation and confirmed the auditor raised no concerns about management conduct, availability of information, or quality of financial reporting. No unresolved issues remain, and the Committee stated there is no adverse impact on the integrity of the company's financial statements. The Committee also placed on record its appreciation for the outgoing auditor's services.
This appears to be a non-contentious, voluntary auditor switch driven by the company's preference for a local firm, with no governance red flags raised. The immediate impact on shareholders is likely neutral, though any mid-term auditor change is worth monitoring for the timely appointment of a replacement.