Please find attached resignation letter of Statutory Auditor dated 25.07.2025 provided by M/s. Amit Ramakant & Co.
Awaiting price reaction for this filing.
Alka India Limited's statutory auditor, M/s. Amit Ramakant & Co. (FRN: 009184C), resigned effective July 24, 2025, before completing its 5-year term which was scheduled to run from FY 2021-22 to FY 2025-26. The auditor was originally appointed at the AGM held on December 23, 2021, and had already issued the audit report for FY ended March 31, 2025 (dated May 30, 2025). The reason cited is that the company's management has shifted and entire operations are now being carried out from the corporate office in Ahmedabad, making it difficult to continue. The auditor confirmed no concerns were raised with the Audit Committee or Board prior to resignation and that there is no material reason other than what was stated.
The company will need to appoint a new statutory auditor soon to complete the remaining term and conduct the FY 2025-26 audit. Since the stated reason is logistical (shift of operations to Ahmedabad) rather than a governance or accounting dispute, the immediate market impact may be limited, but investors should watch for the appointment of a replacement auditor and any unusual disclosures in subsequent filings.