Take Solutions Limited has informed the Exchange regarding Resignation of M/s. Venkat and Rangaa LLP, Statutory Auditor of the company w.e.f. March 25, 2026.
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The statutory auditor of Take Solutions Limited, M/s. Venkat and Rangaa LLP, has resigned effective March 25, 2026. The auditor cited constraints relating to audit fees, stating the remuneration was not commensurate with the size and complexity of the business. Notably, the auditor had been appointed only on February 3, 2026, meaning they resigned roughly 50 days into their tenure, well before their scheduled term expiry at the 2026 AGM. Before resigning, the auditor had submitted the limited review report for the quarter and nine months ended December 2025. The auditor has confirmed there are no other concerns or reasons for the resignation beyond the fee issue.
This is a negative signal for shareholders. An auditor walking out within ~50 days of appointment over fee disputes raises concerns about the company's willingness to pay for a thorough audit, which investors may read as a potential red flag on governance or financial health. The company will need to appoint a new auditor quickly to avoid any compliance issues with statutory audit timelines.