Intimation for Resignation of M/s. Bharat J. Rughani and Co. Statutory Auditor of the Company
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Pro Clb Global Ltd's statutory auditor M/s. Bharat J. Rughani and Co has stepped down effective January 13, 2026. The auditor had only been appointed on October 1, 2025 — barely three months ago — well before its scheduled term expiry at the 2026 AGM, making this a midterm exit. The stated reason is 'non-alignment on commercial terms,' which typically indicates a fee or payment disagreement between the firm and the company. Importantly, the auditor confirmed there are no other material concerns, no issues with information provided, and no qualifications on the recent half-yearly limited review report (for period ended September 30, 2025). The company will now need to appoint a new statutory auditor to complete the audit for the current financial year.
While the auditor confirmed no financial red flags, a very short-tenure auditor exit over fee disagreements may raise mild governance concerns among retail investors and could delay timely completion of the upcoming annual audit. The company now needs to find a replacement auditor, and any future audit delays or fee disputes with the new auditor should be watched closely.