Auditor Resignation Details
BMGS & Associates, Chartered Accountants (Firm Registration No. 026886N) tendered resignation as statutory auditor of the company effective 26th August 2026. The resignation was communicated via letter dated 26.08.2026.
Reason for Resignation
The resignation was due to recent changes in the composition of the Board of Directors and/or the management of the Company. The auditor stated they are no longer in a position to continue as statutory auditor or undertake any professional assignments for the company.
Pending Audit Work
Audit for the financial year ended March 31, 2026 and limited review for the quarter ended June 30, 2026 remain pending. The auditor had issued the limited review report for the quarter ended December 31, 2025, which was submitted on 27th February 2026.
Auditor Tenure Details
The auditor was appointed on 19th February 2026, with term scheduled to expire at the conclusion of the upcoming AGM for FY 2025-26.
Key Auditor Declarations
The auditor confirmed:
- Inability to obtain sufficient appropriate audit evidence was due to management-imposed limitation (YES)
- Lack of information would have significant impact on financial statements/results (YES)
- Alternative procedures were performed to obtain appropriate evidence as per SA 705 (Revised) (YES)
- Lack of information was not prevalent in previous reported financial statements (NO)
- No other material reasons for resignation beyond those provided