M K PROTEINS LIMITED has informed the Exchange about Resignation of Statutory Auditor
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M K Proteins Limited's statutory auditor, KRA & Co. (Chartered Accountants, Delhi), has resigned effective from the close of business hours of the upcoming board meeting scheduled around August 12, 2025. KRA & Co. was originally appointed on September 30, 2024 for a full 5-year term running until the 2029 AGM, making this a midterm exit barely a year into the tenure. The firm had already completed the FY2024-25 annual audit and issued an unmodified opinion on May 23, 2025, and will sign off the Q1 FY2025-26 limited review report. The stated reason is the company's wish to bring on a local Chartered Accountant firm for operational ease, accessibility, and smoother compliance coordination.
The auditor has explicitly confirmed there was no professional disagreement, no denial of information by management, and no governance red flags — making this look like a routine logistical change. Investors should, however, watch the upcoming board meeting for disclosure of the new auditor's identity and track any unusual audit-related filings over the next few quarters.