Orient Cement Limited has informed the Exchange regarding Resignation of Ms BSR & Associates LLP as Statutory Auditors of the company w.e.f. April 22, 2025.
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Orient Cement Limited has informed the stock exchange that BSR & Associates LLP has resigned as the Statutory Auditors of the company, effective April 22, 2025. BSR & Associates LLP is part of the BSR network (affiliated with KPMG), which has audited several large listed companies. The resignation is happening mid-term rather than at the conclusion of an audit cycle. The company will need to appoint a new statutory auditor within the timeframe permitted under law, subject to shareholder approval. No specific reason for the resignation has been disclosed in this filing.
Auditor resignations mid-term can raise governance concerns among investors, though it may simply reflect internal restructuring at the audit firm. Shareholders should watch for the company's next announcement disclosing the reason and the appointment of a replacement auditor.