StockWatch
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Iron & Steel Products
Auditor27 Jul 2026, 08:03 pm

Gallantt Ispat Ltd: Statutory Auditors Maroti & Associates Resign

AI Summary

Gallantt Ispat Ltd announced the resignation of its Statutory Auditors, M/s. Maroti & Associates, Chartered Accountants (Firm Registration No. 322770E). The resignation was accepted by the Board of Directors on July 27, 2026, based on the recommendation of the Audit Committee. The auditors cited inability to continue due to resource allocation, professional commitments, and commercial considerations. They have completed their audit for the financial year ended March 31, 2026, and will issue a limited review report for the quarter ended June 30, 2026. The Audit Committee noted no concerns or issues raised by the auditors.

Key Highlights

  • Statutory Auditors Maroti & Associates have resigned.
  • Resignation accepted by the Board on July 27, 2026.
  • Auditors cited resource allocation and professional commitments.
  • No concerns or issues were raised by the resigning auditors.
  • Limited review report for Q1 FY27 to be issued.