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Auditor1 Aug 2026, 05:50 pm

Addi Industries Declares Unaudited Q1 FY27 Results; Auditors Resign

AI Summary

Addi Industries Ltd announced its unaudited quarterly financial results for the period ended June 30, 2026, both on a standalone and consolidated basis. The company's Board of Directors also accepted the resignation of its statutory auditors, B.R. Gupta & Co. Following this, the Board approved the appointment of Shilpi Sharma And Co LLP as the new statutory auditors, subject to shareholder approval. The appointment aims to fill the casual vacancy and establish a five-year term. The resignation of the previous auditors was with immediate effect, with no material concerns raised.

Key Highlights

  • Unaudited financial results for Q1 FY27 declared (Standalone & Consolidated).
  • Statutory auditors B.R. Gupta & Co. have resigned.
  • Shilpi Sharma And Co LLP appointed as new statutory auditors.
  • New auditor appointment is subject to shareholder approval.
  • Resignation of auditors cited no material concerns.