Mr. Girish Gajanan Patwardhan, Chartered Accountants, Statutory Auditor of our Company have tendered his resignation vide by letter dated 2nd September, 2025 informing his ability to continue ....
Awaiting price reaction for this filing.
Maa Jagdambe Tradelinks Ltd has informed BSE that its Statutory Auditor, Mr. Girish Gajanan Patwardhan (Proprietor, Girish Gajanan Patwardhan, Chartered Accountants, Membership No. 042606), has resigned effective 2nd September 2025. He was originally appointed at the 38th AGM on 30 September 2023 for a five-year term running through FY 2027-28, meaning he is stepping out mid-term roughly two years into his tenure. The auditor cited a disagreement over revised statutory audit fees, stating the proposed fees were not commensurate with the effort required to conduct the audit. He confirmed there are no other material reasons for resignation, no concerns with management, and no issues with information provided. The auditor has already completed the FY2024-25 audit (report dated 29 May 2025) and the Q1 FY2025-26 limited review (submitted 12 August 2025), and will still issue the Q2 limited review for the quarter ending 30 September 2025. The company will need to appoint a new statutory auditor in due course.
For shareholders, this is a mid-term auditor exit driven by a fee disagreement rather than any governance red flag or audit quality issue, so the immediate risk to the stock price is low. However, investors should watch for timely appointment of a replacement auditor, since gaps in statutory audit oversight can delay filings or raise compliance questions on this small-cap, thinly-traded counter.