Pricol Limited has informed the Exchange regarding Resignation of VKS AIYER & CO as Statutory Auditor of the company. Resignation of Auditor is effective on the appointment of new Auditor. As the date to be mentioned, we have mentioned 6th August 2025 as a tentative date.
PRICOLLTD · price
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Pricol Limited's statutory auditor, M/s. VKS Aiyer & Co, Chartered Accountants, has resigned effective from the appointment of a new auditor (tentative date 6th August 2025). The auditor was originally appointed on 9th August 2023 with a term running until the 2028 AGM, so this is a midterm exit. The reason is not related to any audit concerns or disagreements — the company explained that its operations and geographical footprint have grown significantly, and institutional investors wanted a larger audit firm with multi-city presence. VKS Aiyer & Co agreed and stepped down, stating they cannot scale to multi-city operations quickly. The auditor had completed the FY25 statutory audit and was set to issue the Q1 FY26 limited review report. They confirmed no other material reasons for resignation and no information was withheld by management.
This is a planned, amicable auditor change driven by the company's growth rather than any governance red flag. Shareholders should expect the company to appoint a bigger audit firm shortly, which is generally seen as a positive sign of institutional maturity. No impact on already-audited financials; near-term continuity is maintained until a new auditor takes over.