W S INDUSTRIES (I) LIMITED has informed the Exchange about Resignation of Statutory Auditor
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M/s. Brahmayya & Co., Chartered Accountants (Firm Registration No. 000511S) has resigned as Statutory Auditor of W S Industries (I) Limited with effect from 7th August 2025, well before the scheduled end of their term at the AGM to be held in 2027. The auditor cited 'other professional commitments' and the company's increased level of operations as the reason, making it difficult to devote necessary time and attention to the audit, and confirmed there are no other material reasons behind the resignation. The resignation came after the auditor had completed the limited review of Q1 FY2025-26 results. In the same board meeting, the company also approved Q1 FY2025-26 standalone and consolidated financial results (standalone revenue of Rs 26.05 crore, profit after tax of Rs 1.23 crore), appointed Mr. P. Raju Iyer as Cost Auditor for FY2025-26, and approved rollover of preference shares held by Vensunar Private Limited and Trala Electromech Systems Private Limited.
This is a mid-term auditor change, but the reason given is non-controversial (professional pre-occupation) and the auditor has confirmed no other hidden concerns, which should limit negative market reaction. However, shareholders should watch for timely appointment of a new statutory auditor, as a prolonged vacancy could create governance and compliance uncertainty.