Resignation of statutory auditor of material subsidiary of the company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A V H K And Associates, the statutory auditors of Telge Global Inc. (formerly Telge Projects Inc.), a material subsidiary of Telge Projects Ltd, have resigned with immediate effect from their role. The resignation was tendered on May 15, 2026. The auditors cited pre-occupation, prior commitments, and current workload as reasons for stepping down. The firm was originally appointed on March 20, 2025, and had issued their latest audit report for FY ended March 31, 2025, dated April 28, 2025. A replacement auditor, Anil Khatal & Co., has been identified for appointment. The outgoing auditors confirmed there are no material reasons other than those stated and committed to assisting with the transition.
This mid-term resignation of the auditor for a material subsidiary could raise minor concerns about governance and financial reporting timelines for investors, though the company has already arranged a replacement. Shareholders should monitor whether the new auditor appointment is completed smoothly without delays in financial reporting.