Announced Thu, 13 Aug · 19:42 IST
Statutory auditor resigns over audit fee dispute
OSWALGREEN · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹21.20
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AI summary
Mehta Chokshi & Shah LLP resigned as statutory auditor of Oswal Greentech effective August 11, 2026, citing non-approval of their fee proposal for FY 2026-27. They were appointed just a year ago in August 2025 with a term running until March 2030. The auditor stated the exit is purely a fee-related business decision, with no concerns about management or financial statements. The company must now appoint a new auditor and file Form ADT-3 within 30 days.
Likely market impact
Auditor exit just one year into a five-year appointment due to a fee standoff may raise governance concerns and requires a new auditor appointment soon.