Resignation of the Statutory Auditor of the Company
Awaiting price reaction for this filing.
Omansh Enterprises Ltd has disclosed that its Statutory Auditor, M/s MKRJ & Co., Chartered Accountants (FRN: 030311N), resigned on 22nd August 2025, well before the end of their scheduled term (which was to expire on 31st March 2026). The auditor cited a change in management of the Company as the reason for stepping down, and confirmed there are no concerns or issues that need to be brought to the attention of shareholders or creditors. The Audit Committee and Board have accepted the resignation with appreciation. The Board has proposed appointing M/s Singh Chugh and Kumar, Chartered Accountants (FRN: 013613N) as the new Statutory Auditors, subject to shareholder approval. The last report submitted by the outgoing auditor was the limited review report for Q1 FY26 (quarter ended 30th June 2025), submitted on 13th August 2025.
This is a mid-term auditor change triggered by a management shift at the company, which investors should watch closely. While the outgoing auditor flagged no concerns, frequent changes in auditors and management can raise governance red flags and may lead to short-term uncertainty around the stock.