YATHARTH HOSPITAL & TRAUMA CARE SERVICES LIMITED has informed the Exchange about Resignation of Statutory Auditor
YATHARTH · price
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R. Nagpal Associates has resigned as the Statutory Auditor of Yatharth Hospital & Trauma Care Services Limited with immediate effect from 05 August 2025, about a year before the end of their term (which was scheduled to run until the 19th AGM in 2026). The auditor cited a significant reduction in audit fees proposed by the company as the reason, saying the proposed remuneration was not commensurate with the effort required to conduct an audit in line with ICAI Standards on Auditing. The auditor had flagged concerns to management on 27 June 2025, and the matter was discussed with the Audit Committee and Board. Before stepping down, the firm completed the Q1 FY26 limited review for the quarter ended 30 June 2025. Separately, MAPSS and Company also resigned as auditor of subsidiary AKS Medical & Research Centre Pvt Ltd on the same date for similar fee-related reasons.
This is a midterm auditor exit driven by a fee dispute rather than governance concerns or accounting issues, but investors may view it as a yellow flag — the company will need to appoint a new auditor quickly to avoid delays in upcoming financial reporting. Watch for the appointment of a replacement auditor and any commentary from the Audit Committee on the fee decision.