Statutory Auditor PAMS and Associates resigns citing geographical constraints
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RRP Semiconductor's Statutory Auditor PAMS and Associates resigned effective 26 June 2026, citing geographical constraints. The Bhubaneswar-based firm found it impractical to audit the Mumbai-listed company after closing its Mumbai branch in 2024. Appointed on 28 Aug 2024, term was to end at the 45th AGM. No concerns or qualifications were flagged. Latest audit for FY ending March 2026 was submitted on 29 May 2026. Board will appoint a new auditor.
Auditor change mid-term may raise minor governance concerns, but reason cited is logistical, not financial. New auditor appointment expected soon.