Axita Cotton Ltd Statutory Auditors Resign

Axita Cotton Ltd has disclosed the resignation of its statutory auditors, M/s. P K N & Co., Chartered Accountants (FRN 137148W). The resignation was accepted by the Audit Committee and Board of Directors on August 12, 2026. The auditors cited internal administrative and operational restructuring within their firm as the reason for resignation, explicitly stating it is not due to any disagreement with the company's management or related to accounting policies or financial reporting. The firm indicated that changes in resource availability and deployment prevent them from committing the necessary level of dedicated partner involvement and professional manpower for the company's statutory audit.