Security ID
BHAGGAS
Bhagawati Gas Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The company's statutory auditors, M/s Jain Paras Bilala & Co., Chartered Accountants (Firm Registration No. 011046C), have tendered their resignation via letter dated August 07, 2026. The resignation becomes effective from close of business hours on August 14, 2026, upon completion of issuance/signing of the Limited Review Report and audit report for the financial results for the quarter ended June 30, 2026.
Appointment History
The auditor was appointed at the 48th Annual General Meeting held on September 30, 2022, for a term of 5 consecutive years until the conclusion of the 53rd Annual General Meeting scheduled for 2027.
Reason for Resignation
The resignation results from the firm's periodic review of its professional engagements and engagement continuance policy. The firm has decided not to continue with the statutory audit engagement of the company. The auditor explicitly confirms that this decision is not arising from any disagreement with the management of the company.
Current Responsibilities
Until the effective date of resignation (August 14, 2026), the auditor will continue to discharge statutory responsibilities, including issuance of the Limited Review Report on the unaudited financial results for the quarter ended June 30, 2026.
Recent Audit Work
The auditor issued their latest audit report dated May 30, 2026 on the Financial Statements for the year ended March 31, 2026.
Communication Timeline
Discussions regarding the resignation were made with the company, and the intention to resign was communicated on August 07, 2026.
Financial Impact
Financial impact not quantified in the disclosure.