Statutory Auditor P G Hemani resigns mid-term
MCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Statutory auditor M/s P G Hemani and Co has resigned from M Tek Copper effective August 4, 2026, citing professional preoccupation elsewhere. The firm was appointed on July 29, 2025, with a term running until the 2030 AGM, making this a mid-term exit. The auditor had already completed the FY26 audit before stepping down. No concerns were raised about the company or its management, and no material reason was disclosed beyond the stated one. The audit committee and board will appoint a new statutory auditor to fill the casual vacancy in due course.
Management claims no governance concerns. Mid-term auditor exits can briefly spook investors, but here the reason appears routine. Watch for new auditor appointment.