Announced Wed, 26 Aug, 2026 · 17:13 IST
Statutory Auditor M/s Milind Nyati & Co. LLP Resigns Mid-Term
Price
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Price reaction · full curve
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AI summary
Shree Rajiv Lochan Oil Extraction Ltd announced the resignation of statutory auditor M/s Milind Nyati & Co. LLP, effective 26 August 2026. The auditor was appointed in September 2024 for a 5-year term until the 2029 AGM, making this a mid-term exit. The firm cited other professional commitments and had completed the statutory audit up to 30 June 2026. No concerns were raised about management.
Likely market impact
Mid-term auditor exit may raise governance questions; company must appoint a new statutory auditor within the required timeframe.