Time Technoplast Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2025.
TIMETECHNO · price
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Time Technoplast's Board met on August 13, 2025, and accepted the resignation of M/s. Khandelwal Jain & Co. as one of its Joint Statutory Auditors, effective August 12, 2025. The auditor cited an inability to cover 23-24 plants within the agreed timeframe alongside other client commitments. The Audit Committee confirmed there were no governance concerns or disputed issues behind the exit. To fill the gap, the Board appointed M/s. Raman S. Shah & Co. (FRN: 111919W), a Mumbai-based firm established in 1982, as the new Joint Statutory Auditor for a 5-year term, subject to shareholder approval at the 35th AGM on September 11, 2025.
The auditor exit appears to be driven by the auditor's own resource constraints rather than any company-level concerns, which limits negative fallout. Shareholders should note the change and watch for smooth transition, but there is no indication of financial or governance trouble at Time Technoplast.