Resignation of Statutory Auditors
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Mrugesh Trading Limited's statutory auditor, J Singh & Associates (FRN: 110266W), resigned effective January 30, 2026, nearly 3 years ahead of their scheduled term expiry of September 30, 2028. The firm cited internal reasons: the resignation of a key audit partner responsible for overseeing the company's audits and acute staff/resource constraints that would prevent timely completion of the audit. The auditor confirmed there were no concerns about the company's management or operations, and noted that the latest limited review report (for the quarter ended September 30, 2025) was already submitted on November 13, 2025. The resignation was reviewed by the company's Audit Committee, which found no concerns requiring deliberation. The company will now need to appoint a new statutory auditor to maintain compliance.
This is a mid-term auditor exit, which typically draws some investor attention, but the reasons cited are entirely internal to the audit firm and no concerns were raised about the company itself — keeping the negative impact limited. Shareholders should watch for timely appointment of a replacement auditor to avoid any filing or compliance delays.