Yatharth Hospital & Trauma Care Services Limited has informed the Exchange regarding Change in Auditors of the company.
YATHARTH · price
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Yatharth Hospital's statutory auditor R Nagpal Associates, along with MAPSS & Company (auditor of material subsidiary AKS Medical & Research Centre), have resigned effective August 5, 2025. Both firms cited that the proposed audit fees were not commensurate with the effort needed to conduct the audit as per ICAI Standards on Auditing, following fee discussions with management and the Audit Committee. Both auditors had completed the Q1 FY26 limited review (quarter ended June 30, 2025) before stepping down. R Nagpal Associates was appointed in 2021 with a term running until the 2026 AGM, and MAPSS & Company was appointed in 2022, also set to expire at the 2026 AGM — meaning both are mid-term exits rather than routine end-of-term changes.
Though the stated reason is a commercial fee disagreement, a mid-term auditor exit at both the parent and key subsidiary level may concern investors about potential governance or cost-cutting signals. The company will need to appoint replacement auditors quickly to avoid delays in the half-yearly and annual audit process.