BSV subsidiary auditor resigns due to voluntary liquidation
MANKIND · price
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S.R. Batliboi and Co. LLP resigned as Statutory Auditors of Bharat Serums and Vaccines Limited (BSV), Mankind Pharma's wholly owned subsidiary, effective September 28, 2026. BSV shareholders resolved on September 7, 2026 to voluntarily liquidate the company under the Insolvency and Bankruptcy Code. IBC voluntary liquidation rules bar a liquidator from engaging any professional who served as auditor in the prior five years, forcing the resignation. BSV's audit for FY ending March 31, 2026 was completed on May 12, 2026; the FY27 audit had not begun.
BSV, a Mankind subsidiary, is being voluntarily wound down. No impact on Mankind's own statutory audit; reflects routine subsidiary liquidation process.