Resignation of Statutory Auditor
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Awaiting price reaction for this filing.
Radhe Developers (India) Limited has informed BSE that M/s. Parin Patwari & Co., Chartered Accountants (FRN: 154571W) has resigned as the company's Statutory Auditor, effective after the close of business on August 8, 2025. The sole proprietor, CA Parin Patwari, stated he is stepping down because he no longer intends to continue operating his proprietorship firm. Parin Patwari & Co. was appointed on October 1, 2024, with a term scheduled to run until the conclusion of the 31st Annual General Meeting in 2025-2026, making this a mid-term exit. The resigning auditor confirmed there are no concerns about the company's management and no material reasons beyond the stated one. The Audit Committee and Board will appoint a new statutory auditor in due course.
This is a mid-term auditor change but appears benign — the reason is the auditor winding up his own practice, with no governance red flags or qualifications on financial statements. Shareholders should watch for the appointment of the new auditor and ensure timely disclosure, but there is no immediate negative signal for the stock.