Key Event
M/s. Piyush Kothari & Associates, Chartered Accountants (Firm Registration No. 140711W) have resigned as statutory auditors of the company effective July 6, 2026. The resignation was tendered via letter dated July 6, 2026.
Reason for Resignation
The auditor resigned due to "disagreement over audit fees with the Company" as stated in their resignation letter. The auditor confirmed there are "no other material reasons" for the resignation.
Management Assessment
The company states that there are "neither any concerns raised by the resigning auditor with respect to the management of the Company nor there is a material reason for the resignation." The company confirms that no deliberation by the Audit Committee is required and consequent disclosure of Audit Committee's view is not applicable.
Next Steps
The Audit Committee and Board will consider appointment of new statutory auditors to fill the casual vacancy caused by the resignation. The appointment will be intimated in due course.
Additional Confirmation
The resigning auditor confirmed:
- No pending audit issues or disagreements with management on any matter
- No objection to appointment of any other chartered accountant as auditor
- Provided no objection for future auditor appointment
Financial Impact
No financial impact quantified in the disclosure. The resignation is due to fee disagreement but no specific financial amounts are disclosed.