The Grob Tea Company Limited has informed the Exchange about Resignation of Director/KMP/SMP
GROBTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balkrishna Singhania has resigned as Independent Director effective May 13, 2026 citing personal reasons and other commitments. He also resigned from all Board Committees. Separately, Statutory Auditor M/s GARV & Associates resigned mid-term, citing that audit fees were not commensurate with the time and effort required due to entity acquisitions by the company. The company has appointed M/s B Nath & Company as the new Statutory Auditor, along with two new Independent Directors (Mr. Kishan Kumar Kejriwal and Ms. Nidhi Shah), a new Internal Auditor, and a new Cost Auditor.
The simultaneous resignation of both an independent director and the statutory auditor mid-term raises governance concerns. Investors should monitor the quality of new appointments and any potential impact on financial reporting timelines given the auditor change.