Patanjali Foods Limited has informed the Exchange regarding Resignation of Chaturvedi & Shah LLP as Statutory Auditor of the company w.e.f. November 03, 2025.
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Patanjali Foods Limited has informed the stock exchanges that M/s. Chaturvedi & Shah LLP, Chartered Accountants, has resigned as Statutory Auditor of the company with effect from November 3, 2025. The firm was in its second term as auditor, originally appointed at the 36th AGM on September 29, 2022, for a five-year tenure that was scheduled to end at the 41st AGM in 2027, making this a mid-term exit about two years early. According to the resignation letter, the decision followed the company's communication dated September 18, 2025 proposing a reduction in audit fees, and the auditor's own letter dated October 8, 2025 expressing its intent to step down. The auditor confirmed there are no other material reasons, no governance concerns, and no issues with obtaining information from management. M/s. Walker Chandiok & Co. LLP, the Joint Statutory Auditor, will continue to audit the company, ensuring continuity. The auditor had already issued the FY25 audit report (May 15, 2025) and limited review reports for Q1 and Q2 FY26.
The resignation is driven by a fee reduction proposal rather than any governance, accounting, or audit-quality concern, which limits the negative read-through. However, an auditor walking out mid-tenure is rarely a positive signal and investors should watch for the appointment of a new joint statutory auditor. Continued coverage by Walker Chandiok & Co. LLP means audit work is not disrupted for the current financial year.