Resignation of A Arora & Co. as Statutory Auditor of company and appointment of M/s. TDK & Co. as Statutory Auditor w.e.f. from 06.06.2025
Awaiting price reaction for this filing.
RRP Defense Ltd announced that its Statutory Auditor, A Arora & Co., has resigned with effect from 6 June 2025. In their resignation letter, the firm stated they stepped down due to 'no response on inconsistency in books of accounts and other queries raised,' which flags a potential governance concern. M/s TDK & Co., a Chartered Accountancy firm offering auditing, tax, and consultancy services, has been appointed as the new Statutory Auditor from the same date. The board meeting, originally scheduled for 5 June 2025, was rescheduled and held on 6 June 2025. The company is listed on BSE under scrip code 530929.
The auditor's resignation citing unresolved inconsistencies in the books of accounts is a negative governance signal that retail investors should monitor closely. An abrupt auditor change combined with the stated reason may raise concerns about financial reporting quality and could weigh on investor confidence in the stock.