Announced Mon, 20 Jul · 17:43 IST

Statutory Auditor Resigns, New Auditor Appointed for 5 Year Term

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
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₹8805.70
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AI summary

RRP Semiconductor's statutory auditor PAMS & Associates resigned effective 26 June 2026, citing geographical constraints between their Bhubaneswar office and the company's Mumbai operations. The firm had already completed the FY26 audit. The Board has appointed M/s Lipika and Associates, a Noida-based Chartered Accountancy firm with a Mumbai branch, as the new statutory auditor for a 5-year term covering FY27 to FY31, subject to shareholder approval at the upcoming AGM. PAMS confirmed there are no unresolved issues or concerns.

Likely market impact

Routine auditor change driven by logistics, no governance red flags. New auditor appointment pending shareholder approval at AGM.