Rajnandini Metal Limited has informed the Exchange regarding Change in Auditors of the company.
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Rajnandini Metal Limited has informed the stock exchange that its statutory auditor, M/s. KAPG & Associates (FRN: 032569N), has resigned with effect from August 13, 2025. The auditor was originally appointed on September 27, 2024, and was scheduled to serve until the conclusion of the company's 19th Annual General Meeting in 2029, making this a midterm exit. According to the resignation letter, KAPG & Associates cited recent changes and amendments in financial reporting and disclosure requirements that demanded additional audit procedures, and requested an increase in audit fees, which the company did not agree to. The auditor has clarified there are no disputes with management and that all requisite information was provided during their tenure. They had already completed the FY25 audit (report dated May 29, 2025) and the Q1 FY26 limited review (dated August 11, 2025).
This is a midterm auditor resignation driven by a fee disagreement rather than any governance or accounting concerns, which is a relatively routine corporate event. However, shareholders should watch for timely appointment of a new auditor, as a prolonged vacancy could delay future audits and create uncertainty. The stock may see minor short-term volatility but no major impact is expected given the clean nature of the exit.