Statutory auditor PAMS resigns mid-term; Lipika and Associates proposed as new auditor
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RRP Semiconductor Limited informed BSE that statutory auditor M/s PAMS and Associates (FRN 316079E) resigned effective 26 June 2026, citing geographical constraints. Their firm is based in Bhubaneswar and their Mumbai branch closed in 2024. PAMS was appointed in August 2024 and had submitted the FY26 audit report in May 2026. The board proposed appointing M/s Lipika and Associates (FRN 145364W), based in Noida, for a 5-year term from FY27 to FY31, subject to shareholder approval at the AGM.
Procedural change; PAMS cited no concerns or qualifications. Smooth transition expected. New auditor appointment needs shareholder approval.