Resignation 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 Limited announced the resignation of its statutory auditor NKSC & Co and appointment of a new auditor M/s Sarang Shivajirao Chavan and Associates. NKSC & Co was appointed on June 26, 2025, with a term expiring at the 42nd AGM in 2029, but resigned mid-term on May 30, 2026. The new auditor takes over from June 1, 2026 for FY 2026-2027. The resignation details show no concerns flagged by the auditor and no material reasons beyond those stated. The board meeting on May 30, 2026 also approved the audited financial results for Q4 and FY ended March 31, 2026. NKSC & Co had submitted audit reports for FY 2025 and FY 2026, plus limited review reports for three quarters of FY 2025-26 before resigning.
The mid-term auditor change may raise minor concerns about the transition quality and audit continuity, though the seamless June 1 start date and lack of flagged concerns suggest a planned change. Shareholders should monitor the upcoming audit for FY 2026-27 under the new auditor.