Re-appointment of Cost Auditors
Awaiting price reaction for this filing.
At a board meeting on 27th May 2025, Burnpur Cement accepted the resignation of its statutory auditors M/s Agarwal HP & Associates, effective immediately, due to health issues of CA Harsh Agarwal that prevented him from completing the FY 2024-25 audit. Because of this, the board could not approve the audited financial results for Q4 and the full year ending 31 March 2025, or the Directors' Report, and is now searching for a new statutory auditor. Alongside this, the board re-appointed M/s KRGB & Associates as Internal Auditors and M/s Som Das & Associates as Cost Auditors for FY 2025-26, and recommended M/s M & A Associates as the new Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), pending shareholder approval. Ms. Punam Kumari Sharma was also appointed as the new Company Secretary and Compliance Officer.
The mid-term exit of the statutory auditor and the resulting delay in FY25 audited results are red flags for investors — they create uncertainty around the company's true financial position and may attract regulatory scrutiny. Until new auditors are appointed and results are cleared, the stock is likely to face pressure and lower trading interest.