Resignation of statutory auditor
Awaiting price reaction for this filing.
Adjia Technologies Ltd has informed the BSE that its statutory auditor, M/s Piyush Kothari & Associates (Ahmedabad), has resigned effective March 30, 2026, citing disagreement over audit fees. The auditor's term was originally scheduled to expire on March 31, 2026, so the resignation comes just one day before the natural end of the term. The auditor was originally appointed on September 3, 2021, and had last submitted the limited review report for the half-year ended September 30, 2025. Importantly, the auditor has confirmed there are no pending audit issues, no other material reasons, and no disagreements with management on any other matter.
While the resignation is only one day before the scheduled term expiry (softening the concern), the cited reason of fee disagreement is a minor red flag that could hint at cost pressures or strained auditor relationships. Shareholders should watch for the prompt appointment of a new auditor and any signals of financial stress in upcoming filings.