Please find enclosed herewith Resignation of Statutory Auditor
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Awaiting price reaction for this filing.
Mangal Compusolution Ltd has informed the exchanges that its Statutory Auditor has resigned from the position. The company has enclosed the resignation letter with the filing. No further details regarding the reason for resignation or the effective date have been disclosed in the headline. The board or management will need to appoint a new statutory auditor to fill the vacancy, typically within the timelines prescribed under the Companies Act.
Auditor resignations, especially mid-term, can raise governance concerns among investors and may lead to short-term uncertainty about the stock. Shareholders should watch for the company's next filing to understand the reason and timeline for appointing a replacement auditor.