BSEProcal Electronics India LtdHighNegative
Announced Fri, 3 Jul · 12:18 IST
Procal Electronics: Statutory Auditor Resigns Citing Location Issues
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Procal Electronics India Ltd's statutory auditor M/s PAMS and Associates resigned effective 12 June 2026. The firm cited geographical constraints, being based in Bhubaneswar while the company operates from Mumbai, with its Mumbai branch closed in 2024. The auditor confirmed no unresolved issues or qualifications. The company will appoint a new auditor under the Companies Act 2013.
Likely market impact
New statutory auditor needs to be appointed soon. Outgoing auditor flagged no governance issues or qualifications.