Announced Wed, 2 Sept, 2026 · 17:07 IST

Statutory Auditor resigns mid-term citing pre-occupation

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

-0.1%1-day move

₹38.76

prior close

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AI summary

Statutory auditor M/s Batra Deepak and Associates (FRN 005408C) resigned effective September 1, 2026, citing pre-occupation with other professional commitments. They were appointed at the 29th AGM in September 2024 for a five-year term ending at the 34th AGM in FY 2028-29, so this is a mid-term exit. The auditor had completed the FY26 audit (report dated May 28, 2026) and the Q1 FY27 limited review (dated August 12, 2026). They confirmed no dispute with management and no concerns about information suppression.

Likely market impact

Short-term uncertainty over auditor appointment; firm cites no governance red flags. Watch for new auditor appointment.