Internal Auditor mutually terminates engagement with Photoquip India
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Photoquip India board on July 21, 2026 accepted the mutual termination of internal auditor M/s R. C. Jain and Associates LLP effective July 20, 2026. The firm had completed the FY 2025-26 internal audit and requested discontinuation of the remaining engagement through FY 2030-31 by mutual consent. The company clarified there is no dispute, disagreement, or deficiency in services on either side. Board meeting ran from 4 PM to 4:30 PM.
Internal auditor change mid-term is a routine governance update. No red flags as termination is mutual and unrelated to any dispute or service issue.