Resignation of Statutory Auditor of Subsidiary Companies.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NIS Management Ltd has informed BSE that M/s Datta Roy & Associates, Chartered Accountants, has resigned as the Statutory Auditor of five subsidiary entities — NIS Facility Management Services Pvt Ltd, Keertika Academy Pvt Ltd, NIS Ace Management Pvt Ltd, Achilles Resolute Pvt Ltd, and Keertika Education & Associates LLP — effective March 13, 2026. The auditor was originally appointed on August 1, 2024 (and October 9, 2021 for Achilles Resolute) with terms running until March 31, 2029, meaning this is a midterm exit. The reason cited is 'preoccupation and other professional commitments.' The auditor has confirmed there are no material reasons, no pending audit issues, and no disagreements with management. The company has not yet announced a replacement auditor.
This is a routine administrative change with no signs of dispute or governance concerns, since the auditor explicitly confirmed clean reasons. However, the simultaneous resignation across five subsidiaries, well before the auditor's term ended, may prompt investors to watch for a timely replacement appointment to avoid any audit delays at the subsidiary level.