The Stock Exchange and Stakeholders are required to take note of the resignation of Statutory Auditor of the Company.
Awaiting price reaction for this filing.
Harmony Capital Services Limited has announced the resignation of its statutory auditor, M/s Kapish Jain and Associates, effective 20th May 2026. The auditor cited fee disagreement as the reason, stating that professional fees were not commensurate with the time, efforts, and resources required for the audit. The company clarified that the auditors have not raised any concerns or issues with management, and no audit committee deliberation was required. The auditors had completed the limited review of the standalone financial results for Q4 and year ended 31st March 2026 (report issued 7th May 2026) before tendering their resignation. The appointment was originally made on 18th August 2023, with the term scheduled to end at the conclusion of the Company's 34th Annual General Meeting.
The resignation is a routine administrative change with no red flags raised by the outgoing auditor. However, shareholders should monitor for appointment of a new auditor to ensure uninterrupted audit coverage and timely financial reporting.