PATANJALI FOODS LIMITED has informed the Exchange about Resignation of Statutory Auditor
PATANJALI · price
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Patanjali Foods Limited informed the exchanges that M/s. Chaturvedi & Shah LLP, Chartered Accountants, has resigned as Statutory Auditor of the company with effect from November 03, 2025. The firm was in its second term as auditor, originally appointed on September 29, 2022 for a five-year period ending with the 41st AGM in 2027, meaning this is a mid-term exit. According to the resignation letter, the firm had expressed its intention to resign on October 8, 2025 after the company communicated on September 18, 2025 about revising audit fees by reducing their existing remuneration. M/s. Walker Chandiok & Co. LLP will continue to act as Joint Statutory Auditor. The auditor had already issued the FY25 audit report (May 15, 2025) and limited review reports for Q1 FY26 and Q2 FY26 (the latter jointly with Walker Chandiok). The auditor confirmed there are no other material reasons for resignation.
Mid-term auditor resignations generally draw negative market attention and can prompt concerns about governance or audit quality, even though the stated reason here is a fee dispute rather than accounting issues. Investors should watch for any unusual disclosures in the detailed resignation letter (Annexure A) and monitor whether the company appoints a replacement joint auditor, as the company will need to fill the vacancy to comply with audit requirements.