Resignation of Statutory auditor due to prior commitments
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Awaiting price reaction for this filing.
On 8th October 2025, the board of Resourceful Automobile Ltd accepted the resignation of its statutory auditor M/s NYS & Company (FRN: 017007N), effective 7th October 2025. The outgoing auditor cited preoccupation with other professional commitments and a potential conflict of interest as the reason for stepping down. The audit committee reviewed the resignation and confirmed that the auditor raised no concerns about the company's financials or governance. To fill the casual vacancy, the board has appointed M/s N G M K S & Associates (FRN: 024492N), a New Delhi-based chartered accountancy firm formed in 2011, as the new statutory auditor from 8th October 2025, subject to shareholder approval at the next general meeting. The new auditor will serve until the ensuing annual general meeting.
The resignation appears routine and driven by the auditor's own scheduling conflict rather than any issue with the company, as no concerns were flagged. Shareholders should note the change and approve the new auditor at the upcoming general meeting; the stock is unlikely to see material impact barring any future disclosures.