Announced Mon, 17 Nov · 14:41 IST

as per the pdf attached

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mega Nirman and Industries Ltd has informed BSE that its Statutory Auditor, ANSK & Associates (FRN: 026177N), has resigned effective 14th November 2025, citing health issues that prevent them from continuing their professional responsibilities. The auditor was originally appointed on 20th August 2022 and had a term running until 30th September 2027, so this is a mid-term exit about two years ahead of schedule. The auditor's last report was submitted on 30th September 2025 and a limited review report on 6th November 2025, with no concerns, management-imposed limitations, or pending information requests flagged. The company has stated it is in the process of identifying and appointing a new Statutory Auditor and will update the exchange in due course.

Likely market impact

This is a mid-term auditor change, but the reason given is personal health and no audit concerns or governance red flags were raised. Shareholders should watch for the timely appointment of a replacement auditor, as a prolonged vacancy could create uncertainty around upcoming audits, though near-term impact on the stock is likely limited.