Announcement under Regulation 30 (LODR) for Resignation of Statutory Auditor
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Tilak Ventures Ltd's statutory auditor, M/s. Bansal Gourav & Associates (FRN: 155908W), resigned on 19th August 2025, ahead of the conclusion of the company's 47th Annual General Meeting. The auditor cited pre-occupation with other professional commitments and internal restructuring within their firm as the reason, and confirmed there are no other material reasons for stepping down. The auditor had been appointed on 30th September 2023 and had recently submitted the limited review report for the quarter ending 30th June 2025 on 1st August 2025. The company stated it is in the process of appointing a new statutory auditor and will comply with all applicable regulatory requirements.
Mid-term auditor resignations can create short-term uncertainty around audit continuity and may delay the appointment of a replacement. However, since the auditor cited professional pre-occupation rather than any concerns about the company's financials or governance, and had recently submitted the latest review report, the immediate operational risk appears limited. Shareholders should watch for timely disclosure of the new auditor appointment.