Auditor17 Aug 2026, 04:02 pm
Advik Capital Ltd Statutory Auditors Resign
AI Summary
Advik Capital Ltd announced the resignation of its statutory auditors, M/s KSMC & Associates, Chartered Accountants, effective August 15, 2026. The resignation is attributed to the inadequacy of professional fees relative to the time, effort, and resources required for the audit and quarterly review assignments. The company plans to fill the resulting vacancy by appointing a new statutory auditor in accordance with applicable regulations. The resignation details will be presented to the Audit Committee and the Board of Directors.
Key Highlights
- Statutory auditors M/s KSMC & Associates have resigned.
- Resignation is effective from August 15, 2026.
- Reason cited is inadequate professional fees.
- Company will appoint a new auditor to fill the vacancy.
Price Impact
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