Mangalam Seeds auditor MAAK and Associates resigns mid-term, effective Aug 13
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Mangalam Seeds statutory and tax auditor MAAK and Associates resigned effective August 13, 2026, about two years into a five year term that was due to run until 2029. The auditor stated the resignation is at the Boards request, which plans to appoint a new firm for administrative and operational convenience. The outgoing auditor confirmed no disputes with management and no concerns about financial reporting or suppressed information. Resignation takes effect after approval of Q1 FY27 results.
Auditor switch mid term may draw governance scrutiny, but outgoing auditor flagged no issues. Investors should watch for the new auditor appointment.