Pursuant to Regulation 30 of SEBI (LODR), Regulation, 2015, the Company wish to inform you that the Statutory Auditor of the Company Priyam Kejriwal & Associates, Chartered Accountants,have ....
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CMI Ltd has disclosed that M/s. Bagchi Kejriwal & Co., Chartered Accountants, has resigned from the position of Statutory Auditor of the Company effective 18th April 2026. The resignation was communicated by the Resolution Professional, indicating the company is under insolvency proceedings. The auditor cited unavoidable reasons and circumstances beyond their control as the cause for resignation. The company has confirmed there is no other material reason other than what was specified in the resignation letter. A new auditor will need to be appointed as per the Companies Act, 2013 provisions.
Mid-term resignation of statutory auditor, especially during insolvency proceedings, signals potential governance concerns and auditor unease about the company's financial position or operations. Shareholders should monitor for appointment of replacement auditor.