Take Solutions Limited has informed the Exchange regarding Resignation and Appointment of Secretarial Auditor of the Company.
TAKE · price
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Take Solutions Limited announced the resignation of Mr. Ashok Ajay Kumar Bantia as Secretarial Auditor, effective May 29, 2026. Bantia's resignation letter cited 'recent management change and the financial position of the Company' as reasons for declining to conduct the audit at proposed fees. The company stated there are no material reasons for the resignation beyond those stated. The Board has appointed M/s. Hemang Satra & Associates, a Mumbai-based peer-reviewed firm of Company Secretaries, as the new Secretarial Auditor for a term of five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
The resignation of a secretarial auditor citing management changes and financial position could raise governance concerns for investors, as it may signal underlying operational issues or disagreements with company leadership. The smooth appointment of a replacement firm provides some continuity.