TTK Healthcare Tax Auditor Withdraws Over Peer Review

Key Development

M/s. Aiyar & Co., Chartered Accountants, have formally intimated that they are unable to continue with the tax audit assignment for the Financial Year 2025-26. The reason cited is that according to current guidelines and the scope of their Peer Review Certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI), they are not eligible to sign audit reports for listed companies.

Effective Date

The effective date of this withdrawal is August 26, 2026.

Company Response

The Audit Committee and the Board of Directors of TTK Healthcare Limited will shortly initiate necessary action for appointing a new Tax Auditor for carrying out the Tax Audit for FY 2025-26.

Auditor Communication Details

The letter from M/s. Aiyar & Co. (dated August 26, 2026) states that they earlier accepted the appointment for the tax audit assignment in good faith, but upon reviewing the terms of their Peer Review Certificate, they determined that continuing with the assignment would violate professional and regulatory standards set by ICAI. The letter is signed by N. Sridharan, Proprietor of Aiyar & Co.

Financial Impact

Financial impact not quantified in the disclosure. The change relates to auditor appointment status rather than direct financial metrics.

Documents Submitted

The filing includes Annexure A (structured disclosure table) and Annexure B (the original letter from M/s. Aiyar & Co.).

#Tags: #TTKHealthcare #SEBIDisclosure #RegulatoryCompliance #AuditorChange #Neutral