M/s. Agarwal Iyer & Associates have tendered their resignation as Statutory Auditor of the company w.e.f. May 11, 2026, due to continuous ill health requiring immediate attention.
Awaiting price reaction for this filing.
M/s. Agarwal Iyer and Associates, Chartered Accountants, have resigned as Statutory Auditors of the company effective May 11, 2026. The resignation is due to continuous ill health of the auditor partner requiring immediate attention. The auditors were appointed in September 2023 for a term extending until September 2028. The company confirms there are no concerns raised by the resigning auditor and no other reasons for the resignation. The Audit Committee and Board of Directors will address the vacancy in their upcoming meetings. The last audit report was for FY2025 (dated May 20, 2025) and the last limited review was for Q3 FY2026 (dated January 27, 2026).
Shareholders should note that the company will need to appoint a replacement statutory auditor to fill the casual vacancy. Since the resignation is due to the auditor's personal health reasons with no concerns raised about the company's financials, this is unlikely to have a significant negative impact on the stock. However, the appointment process may take some time to complete.