Re-Uploading of the Resignation letter of Statutory Auditors.
Awaiting price reaction for this filing.
The statutory auditor of Inditrade Capital Ltd, M/s. Kirtane & Pandit LLP (Firm Reg. No. 105215W/W100057), has resigned effective from the close of business on February 12, 2026. The auditor was originally appointed in August 2023 for a five-year term covering FY2023-24 to FY2027-28. In the resignation letter, the firm cited the management's failure to provide complete and timely financial information needed for limited reviews of Q1, Q2, and Q3 of FY2025-26. Only partial standalone Q1 FY26 data was shared, and that too very late on January 28, 2026, while consolidated financial statements were never provided at all. The auditor said it could not discharge its professional duties due to non-cooperation from the management. This is a re-uploaded version of the resignation letter originally filed with BSE.
This is a serious red flag for investors — an auditor walking out citing management non-cooperation and missing financial information raises major corporate governance concerns. It could trigger regulatory scrutiny, delay financial reporting, weigh on the stock price, and shake investor confidence until a new auditor is appointed and clarity emerges on the company's true financial position.