Statutory Auditor Resigns Mid-Term Over Fee Dispute
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Statutory auditor KMKU and Associates resigned effective 11 July 2026, just about 3.5 months after being appointed on 28 March 2026 for a full 5-year term. Reason given: after approval of a Resolution Plan, the audit scope and responsibilities changed materially and the parties could not agree on revised professional fees. The auditor explicitly stated no disagreement with management on financial statements, accounting policies, or cooperation. The company appears to operate under a Monitoring Committee, suggesting an ongoing corporate insolvency resolution process.
Mid-term auditor exit during a resolution process may delay filings and new auditor appointment. Watch for further governance updates and timely results.