Statutory Auditor M Sahu and Co resigns, effective 14 August 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steelco Gujarat's statutory auditor M Sahu and Co has resigned effective close of business on 14 August 2026, well before completing its five-year term that was due to run until 2029. The auditor stated the resignation is solely to help the company comply with Clause 7.13 of its Debenture Trust Deed dated 3 December 2025, which requires appointment of a new auditor acceptable to the Debenture Trustee and Debenture Holders. The auditor confirmed there are no concerns about management, audit conduct, scope, or any other reportable matter.
Mid-term auditor change driven by debenture trust deed rules, not governance issues. Successor to be appointed. Mildly negative signal.