Intimation regarding the resignation of Statutory Auditor of the company.
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Purohit Construction Ltd has informed the BSE that its statutory auditor, M/s. Naresh J Patel & Co., Chartered Accountants, has resigned effective from the close of business hours on August 14, 2025. The reason cited is the firm's merger into B N P S and Associates LLP as part of its strategic expansion plans. The auditor's original 5-year term was scheduled to end in 2027, so this is a mid-term exit. Importantly, the auditor stated there are no disputes or concerns with the company's management, and their last audit report for FY ending March 31, 2025 carried an unmodified (clean) opinion. The audit committee has accepted the resignation and noted no issues raised. The board will recommend a new statutory auditor for shareholder approval at the upcoming AGM.
This is a routine auditor change driven by the audit firm's internal restructuring (merger), not by any governance concerns or disagreements with the company. Shareholders should not view this as a red flag — the outgoing auditor explicitly confirmed a clean track record. However, shareholders will want to monitor who is appointed as the new statutory auditor, as continuity and quality of audit matters.