Statutory auditor O.P. Rathi resigns before completing its term
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Statutory auditors O.P. Rathi and Co. (FRN 108718W) resigned effective November 5, 2026, before completing the engagement. On November 6, the audit committee recorded that the firm cited professional commitments and insufficient time and resources for the audit. The firm reported no information or cooperation concerns and no other material reason. Management was advised to fill the vacancy and maintain audit continuity; no successor is named.
Auditor vacancy may raise reporting continuity risk until a successor is appointed. Workload reasons reduce, but do not remove, oversight concerns.