Reappointment of Internal Auditors
Awaiting price reaction for this filing.
Burnpur Cement's statutory auditor M/s Agarwal HP & Associates resigned with immediate effect from 27th May 2025, citing health issues of CA Harsh Agarwal who could not travel to complete the FY 2024-25 audit. Because of this resignation, the Board could not approve the audited financial results for Q4 and FY ended 31 March 2025, nor the Annual Financial Statement and Directors' Report, causing a delay in results announcement. The company is searching for a new statutory auditor and will inform exchanges once appointed. Separately, Ms. Punam Kumari Sharma was appointed as the new Company Secretary and Compliance Officer, M/s KRGB & Associates LLP was reappointed as Internal Auditor and M/s Som Das & Associates as Cost Auditor for FY 2025-26, and M/s M & A Associates was recommended as Secretarial Auditor for a 5-year term subject to shareholder approval.
Shareholders should note the delayed FY25 audited results, which is a negative signal and may keep the stock under pressure until new auditors are appointed and results are filed. The mid-term exit of the statutory auditor over health issues is not necessarily adverse on its own, but the missed approval timeline raises governance and disclosure concerns for retail investors.