Auditor1 Aug 2026, 06:10 pm
Addi Industries Auditor Resigns, New Auditor Appointed
AI Summary
Addi Industries Limited announced the resignation of its statutory auditors, M/s. B.R. Gupta & Co., effective August 01, 2026. The company stated that there were no concerns raised by the resigning auditor and no material reason for the resignation. Concurrently, the Board of Directors approved the appointment of M/s. Shilpi Sharma and Co LLP as the new statutory auditors to fill the casual vacancy. They will serve until the ensuing AGM and are proposed for a five-year term thereafter, subject to shareholder approval. The company also reported its un-audited quarterly financial results for the quarter ended June 30, 2026.
Key Highlights
- Statutory auditors M/s. B.R. Gupta & Co. have resigned.
- No material reasons or concerns cited for the auditor's resignation.
- M/s. Shilpi Sharma and Co LLP appointed as new statutory auditors.
- New auditors appointed to fill casual vacancy and for a 5-year term.
- Unaudited quarterly financial results for Q1 FY27 also approved.
Price Impact
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