Resignation of Statutory auditor M/s. N. C. RUPAVALA & CO. as Tax Auditor and Statutory Auditor
Awaiting price reaction for this filing.
Unistar Multimedia Ltd has informed BSE that M/s. N.C. Rupawala & Co. (FRN: 125757W), the company's Tax Auditor and Statutory Auditor, has resigned with effect from 31st October 2025. The auditor cited pre-occupation in other assignments as the reason for stepping down, despite having been appointed for the financial year 2025-26. The intimation was signed by Director Vaibhav Patel. The company is now required to appoint a replacement auditor to ensure timely completion of audit work and statutory filings. Notably, there are inconsistencies in the filing — the cover letter refers to the firm as 'Internal Auditors' while the subject line and the auditor's own resignation letter describe them as Tax Auditor and Statutory Auditor.
This is a midterm auditor exit at a small-cap company, which may delay the audit process and the publication of financial results. The stated reason (pre-occupation) is routine, but the conflicting descriptions in the filing itself (Internal vs Tax/Statutory Auditor) raise minor governance and disclosure-quality concerns for shareholders.