Event Details
M/s. S K Bhavsar & Co., Chartered Accountants, Ahmedabad (FRN: 0145880W) resigned as Statutory Auditor of the company effective 14th August 2026. The resignation was received by the company and reviewed by the Audit Committee.
Reasons for Resignation
The auditor cited recent changes in company management coupled with pre-existing professional commitments that made it difficult to devote requisite time and attention to effectively discharge auditor duties.
Auditor Confirmations
The resigning auditor explicitly confirmed:
- Resignation is not due to any fraud, non-compliance, or irregularity requiring reporting under Section 143(12) of Companies Act, 2013
- No adverse remarks to report regarding company affairs
- No concerns regarding management cooperation or non-availability of information
- No communication received from company regarding any concerns or issues with audit prior to resignation
- No other material reasons for resignation beyond those stated
Appointment History
M/s. S K Bhavsar & Co. was appointed as statutory auditors on 29th August 2024 for a term of 5 years starting from financial year 2024-25.
Financial Impact
No financial impact quantified in the disclosure. No concerns raised regarding financial matters or compliance issues.
Audit Committee Review
The Audit Committee reviewed the resignation and determined no additional deliberations were required since no material concerns were raised by the resigning auditor.
#Tags: #ConsecutiveCommodities #AuditorResignation #SEBIRegulation30 #CorporateGovernance #Neutral