Regulation And Legal
Shashank Traders Auditor Resigns Post Management Change
Compliance Disclosure
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
1st Jul 2026
Key Details of Resignation
- Effective Date: Resignation effective close of business hours on June 30, 2026
- Resigning Auditor: M/s. Nemani Garg Agarwal & Co, Chartered Accountants (FRN: 010192N)
- Reason for Resignation: Due to change in management of the company
- Documentation: Resignation letter dated June 30, 2026 enclosed as Annexure A
Auditor Appointment History
- Originally appointed for 5 consecutive years via shareholder resolution passed on December 30, 2024
- Term was scheduled from conclusion of 39th Annual General Meeting until 44th Annual General Meeting
Audit Committee and Board Action
- Audit Committee and Board of Directors will take note of resignation at ensuing meetings
- Will recommend appointment of new statutory auditor in accordance with Companies Act, 2013 and SEBI LODR Regulations
- Appointment subject to shareholder approval where required
Latest Audit Activity
- Last audit report issued: Independent Auditor's Report on Standalone Audited Financial Results for quarter and financial year ended March 31, 2026
- Report submission date: May 30, 2026
Additional Declarations (From Annexure A)
- Resignation does not result from inability to obtain sufficient appropriate audit evidence
- No other circumstances requiring notice to the Board
- No concerns requiring approach to Audit Committee/Board of Directors prior to resignation
- No management-imposed limitations on audit evidence
- No significant impact on financial statements/results from lack of information
- No alternative procedures required under SA 705 (Revised)
- No prevalence of lack of information in previous financial statements