Auditor10 Oct 2026, 05:50 pm
Ajel Ltd: Statutory Auditors M/s GMK & Co Resign
AI Summary
Ajel Limited announced that its Board of Directors, during a meeting held on October 10, 2026, noted the resignation of its Statutory Auditors, M/s GMK & Co. The resignation, effective October 9, 2026, was attributed to 'pre-occupation' and 'other professional commitments'. The Audit Committee confirmed that there were no adverse concerns or disagreements reported by the auditors and that they had completed the limited review for the quarter ended June 30, 2026. The company is initiating steps to appoint a new auditor to fill the resulting casual vacancy.
Key Highlights
- Statutory Auditors M/s GMK & Co have resigned from Ajel Ltd.
- Resignation is effective October 9, 2026, due to pre-occupation.
- Audit Committee found no adverse concerns with the resignation.
- Company is in the process of appointing a new statutory auditor.
Price Impact
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