Intimation of Resignation of Secretarial Auditors.
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Promact Plastics Ltd has announced the resignation of its Secretarial Auditors, M/s. Nishant Pandya & Associates, with effect from 6th May 2026. The resignation is effective immediately and applies from the Financial Year 2025-26 onwards. The firm cited personal reasons for the departure. In their resignation letter, the auditors confirmed there are no other material reasons for leaving and raised no objections to the appointment of new Secretarial Auditors. The company is now required to appoint replacement auditors.
The mid-term resignation of secretarial auditors may raise governance concerns among investors, as the company will need to appoint new auditors promptly. While the stated reason is personal and no material issues were flagged, any prolonged vacancy in this role could affect compliance and audit coverage for FY 2025-26.