Appointment of Statutory Auditor of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Newtrac Foods & Beverages Ltd held a board meeting on May 30, 2026 where they approved audited financial results for Q4 and FY ended March 31, 2026. The company's statutory auditor NKSC & Co (appointed June 26, 2025, for a term expiring at the 42nd AGM in 2029) resigned mid-term after less than one year. A new auditor, M/s Sarang Shivajirao Chavan and Associates, has been appointed effective June 1, 2026 for FY 2026-2027. The new firm is based in Ahmedabad and specializes in audit, assurance, taxation, and corporate advisory services.
The mid-term resignation of the auditor after less than a year could raise questions about audit quality, potential disagreements with management, or financial reporting concerns. Shareholders should monitor subsequent disclosures for any explanations behind this change.