Statutory auditor resigns midterm; K R Aggarwal and Associates appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
M/s V.V. Bhalla and Co resigned as statutory auditor effective August 10, 2026, citing inability to allocate time and resources due to preoccupation with other professional commitments. They were originally appointed in September 2023 for a 5-year term ending at the 43rd AGM, making this a midterm exit. K R Aggarwal and Associates has been appointed to fill the casual vacancy until the 42nd AGM, and will be proposed for a fresh 5-year term. The board also approved Q1 FY27 results showing a loss of about Rs 1.07 lakh versus a small profit a year ago, re-appointed two independent directors for second 5-year terms, and scheduled the 42nd AGM for September 28, 2026.
Midterm auditor exit with a routine reason and no adverse issues flagged. New auditor appointed seamlessly. Q1 results swung to a small loss.