Event Details
M/s. VKAN & Associates, Chartered Accountants (Firm Registration No. 014226S) have resigned as Statutory Auditors of Coretec Engineering India Private Limited, a material subsidiary of Yuken India Limited.
Key Dates
- Date of resignation letter receipt: June 02, 2026
- Effective date of resignation: Closure of business hours on June 02, 2026
- Date of intimation to exchanges: June 03, 2026
Auditor Tenure History
- Date of appointment: September 03, 2024 (at 26th Annual General Meeting)
- Scheduled expiry date: Conclusion of 31st Annual General Meeting for FY2028-29
- Latest audit completed: Independent Auditor's Report on Financial Statements for year ended March 31, 2026, dated May 18, 2026
Reason for Resignation
Pre-occupation with other professional commitments and engagements. The resignation is solely due to the auditor's inability to devote requisite time, manpower, and resources for the remainder of their tenure, and is not attributable to any concerns regarding the company's governance or management.
Additional Information
- No concerns were raised with Audit Committee/Board prior to resignation
- No management-imposed limitations or circumstances beyond management control affecting audit evidence
- No significant impact on financial statements due to lack of information
- Resignation occurs after completion of FY2026 statutory audit
- No other facts or circumstances requiring disclosure to members, Board, Audit Committee, or regulatory authorities
Subsidiary Information
Coretec Engineering India Private Limited (CIN: U29246KA1998PTC023863)
Address: B-59, Dyavasandra Industrial Estate, Mahadevapura, Whitefield Road, Bangalore 560048, Karnataka