Pankaj Polymers Limited informed exchange about the resignation of M/s. Luharuka & Associates from the office of the Statutory Auditors of the Company w.e.f 29th May, 2026
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Pankaj Polymers Ltd has received the resignation of its statutory auditor, M/s. Luharuka & Associates, effective May 29, 2026. The auditor cited pre-occupation and prior professional commitments as the reason for stepping down. The company has confirmed that no concerns were raised by the auditor regarding management and there is no material reason for the resignation. The auditor was originally appointed for Financial Year 2024-2025 with a term scheduled to expire until Financial Year 2028-2029, making this a mid-term resignation. The Audit Committee and Board will consider appointing new statutory auditors to fill the casual vacancy.
This is a routine auditor change with no red flags raised. However, mid-term auditor resignations can sometimes signal underlying issues. Shareholders should monitor for the appointment of new auditors and any subsequent audit findings.