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Saumya Consultants Ltd's Board meeting on May 13, 2026 approved the appointment of KBDS & Co as the new Internal Auditor, replacing M/s. ALPS & Co who resigned effective the same date. ALPS & Co was appointed for FY 2026-27 just weeks earlier (April 17, 2026) but tendered resignation citing 'budgetary constraints' — the company was unable to increase their audit fees, which they stated was unsustainable for the time involved in conducting the audit. The resignation was accepted due to ALPS's 'other commitments and Pre-occupation.' KBDS & Co is a peer-reviewed firm managed by CA Nirala Kumar Singh.
The mid-term resignation of an auditor due to fee disputes signals potential financial constraints or governance friction. Shareholders should monitor whether the new auditor relationship proves stable and if audit quality is maintained at current fee levels.