Intimation regarding Resignation of Secretarial Auditors.
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Awaiting price reaction for this filing.
Promact Plastics Ltd has disclosed the resignation of its secretarial auditors, M/s Nishant Pandya & Associates, with immediate effect from 6th May 2026. The firm cited personal reasons for stepping down mid-term from the Financial Year 2025-26. In their resignation letter, the auditors confirmed there are no material reasons behind their departure and expressed no objection to the appointment of replacement auditors. The company has filed this disclosure under Regulation 30 of the SEBI Listing Regulations. The Board will need to appoint new secretarial auditors to fulfill statutory compliance requirements for the remaining period of FY 2025-26.
The mid-term resignation of secretarial auditors could raise minor governance concerns among investors, as it creates a temporary gap in independent oversight. The stock may see negligible negative reaction, though the auditors' confirmation of no material issues could limit the impact. Shareholders should monitor for the appointment of new auditors.