The Statutory Auditor of the Company, M/s KRA & Co., Chartered Accountants, have tendered their resignation from the position of the Statutory Auditor of the Company, which would come into effect from closing of business hours of the ensuing Board Meeting to be held on August 12, 2025 i.e. post submission of Limited Review Report for the Quarter ended on June 30, 2025 and after furnishing all requisite certifications and other documents for the aforesaid period.
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M K Proteins Limited's Statutory Auditor, M/s KRA & Co., Chartered Accountants (based in New Delhi), has resigned with effect from the close of business hours of the Board Meeting scheduled on August 12, 2025. KRA & Co. was originally appointed on September 30, 2024 for a 5-year term ending at the 2029 AGM, so this is a mid-term exit less than a year into the engagement. The resignation comes after KRA & Co. completed the FY2024-25 audit (issued an unmodified opinion on May 23, 2025) and will also issue the Limited Review Report for Q1 FY26 (quarter ended June 30, 2025) before stepping down. The company stated the reason is its desire to appoint a local Chartered Accountant firm for better operational ease, accessibility, and coordination. KRA & Co. explicitly confirmed there is no professional disagreement, no suppression of information, and no inability to obtain audit evidence, categorically stating this is purely a logistical decision.
This appears to be a routine, mutually-agreed auditor change rather than a red flag event — the outgoing auditor gave a clean exit confirmation with no qualifications or concerns. Shareholders should note that a new Statutory Auditor will be recommended by the Board for shareholder approval, and given the small-cap nature of the company and the short tenure of the outgoing auditor, there is likely to be minimal negative impact on the stock.