We hereby Inform that Statutory Auditor of the Company, has tendered their resignation on February 11, 2026 and the Board of Directors of the company took note of the same.
Awaiting price reaction for this filing.
On February 11, 2026, BCL Enterprises' board approved several changes. Statutory Auditor M/s Sandeep Kumar Singh & Co. resigned due to pre-occupation, only about 5 months into a 5-year term (appointed September 8, 2025); the auditor confirmed no disputes or concerns with the company. M/s G H R & CO was appointed as the new Statutory Auditor to fill the casual vacancy, subject to shareholder approval. The Internal Auditor, M/s Ghanshyam Gupta & Co., also resigned citing work overload, and was replaced by M/s U. Shanker & Associates. Additionally, Ms. Sonika Aggarwal was appointed as an Additional Non-Executive Independent Director, an EGM was called for March 9, 2026, and the board approved raising funds via a loan convertible into equity shares (Section 62(3)), pending shareholder approval.
The midterm exit of both auditors (Statutory and Internal) in a single day is a governance red flag worth watching, though the company states no concerns were raised. The proposed convertible loan could lead to equity dilution if shareholder approval is granted at the March 9 EGM. Short-term stock sentiment may be mildly negative given the churn, but the quick replacement of auditors limits operational disruption.