Statutory Auditor Resigns Mid-Term Citing Change in Management
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Statutory auditor Nemani Garg Agarwal and Co. has resigned effective June 30, 2026, about 18 months into a 5-year term. The auditor cited change in management as the reason. They confirmed no dispute, no concerns about suppressed information, and the resignation was not due to inability to obtain audit evidence. The latest audit report for the financial year ended March 31, 2026 was issued on May 30, 2026. The board will appoint a new statutory auditor subject to shareholder approval.
Mid-term auditor exit following management change may raise governance concerns and add short-term uncertainty for shareholders.