Pajson Agro India Limited disclosed the resignation of its statutory auditors M/s P.K. Maheshwari & Co. Chartered Accountants (FRN-000977N) through a regulatory filing to BSE Limited pursuant to Regulation 30 of SEBI Listing Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019.

The resignation was tendered via letter dated June 19, 2026, received at 5:30 PM, citing the engagement/signing partner CA Gunjan Audichya's process of surrendering his Certificate of Practice (COP) as the primary reason. The firm stated that its other partners were unable to assume the audit engagement due to existing professional commitments, workload allocation, and resource constraints.

The Audit Committee considered the resignation and recommended acceptance to the Board of Directors, which approved the resignation through a resolution passed on June 20, 2026. The effective date of resignation is June 19, 2026.

Key confirmations provided by the auditor:

  • No concerns or disputes with the management
  • No circumstances connected with the resignation that need to be brought to the attention of shareholders or creditors
  • The resignation is solely due to professional and operational circumstances
  • No unresolved issues with management or governance
  • No matters requiring specific reporting to members, creditors, regulators or other stakeholders
  • Company management extended necessary cooperation during their tenure

The Annexure A disclosure confirmed:

  • No management-imposed limitations on obtaining audit evidence
  • No significant impact on financial statements/results
  • No alternative procedures were required under SA 705 (Revised)
  • No prevalence of lack of information in previous financial statements

Both the Audit Committee and Board placed on record their appreciation for M/s P.K. Maheshwari & Co's contribution to the company. The company must now initiate steps for appointing a new statutory auditor and completing applicable statutory compliances under the Companies Act 2013.

Financial impact: No financial impact disclosed in the filing.