Resignation of Statutory Auditor
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M/s STAP & Co., Chartered Accountants, has resigned as the statutory auditor of Tirupati Finlease Ltd. The resignation is effective from 23rd May 2026, after the board meeting that approves the Q4 and FY ended March 2026 financial results. The auditor cited inability to continue due to other professional commitments and assignments. The company states there is no material reason for the resignation. The auditor has confirmed completing the limited review for Q3 FY ended December 2025 and is in the process of completing the Q4 and annual audit. The Board will appoint a new auditor to fill the casual vacancy. The auditor confirmed no concerns about audit evidence, no management-imposed limitations, and no significant impact on the financial statements.
This is a mid-term auditor change which may raise minor concerns about continuity of audit coverage, though the auditor has confirmed no material reasons or concerns about the company's financial reporting. Shareholders should monitor for timely appointment of a new auditor.