Please find enclosed herewith Revised Outcome of the Board Meeting held on Wednesday i.e, 8th October,2025 as per Regulations 30 of the SEBI (Listing Obligations & Disclosure Requirements) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Resourceful Automobile Ltd noted the resignation of its statutory auditor M/s NYS & Company (FRN: 017007N) effective 7th October 2025. The auditor, originally appointed on 30 September 2023 with a term running until 30 September 2028, resigned mid-term citing preoccupation with other assignments and potential conflict of interest. A detailed annexure revealed the underlying reasons related to increased audit procedures from new financial reporting requirements and a proposed fee hike that could not be agreed upon. To fill the casual vacancy, the board appointed M/s N G M K S & Associates (FRN: 024492N), a Delhi-based partnership firm formed in 2011, subject to shareholder approval at the next AGM.
Mid-term auditor resignations often raise governance red flags for retail investors. The fee/scope disagreement suggests possible friction over financial reporting demands; shareholders should watch for the new auditor's first report and any management commentary on audit-related issues at the upcoming AGM.