Auditor8 Sept 2026, 09:41 pm
Gallard Steel Ltd Auditor Resigns Over Fee Dispute
AI Summary
Gallard Steel Ltd announced the resignation of its statutory auditor, M/s S.N. Gadiya & Co., Chartered Accountants, effective immediately. The resignation, dated September 8, 2026, is attributed to an inability to agree on mutually acceptable terms regarding professional fees and the scope of services. The company stated there are no concerns raised by the auditor regarding management or material reasons for the resignation. The auditor was appointed in the AGM on 30/09/2024 and was scheduled to serve until the AGM in 2029. The last audit report submitted was for the period ending March 31, 2026.
Key Highlights
- Statutory auditor S.N. Gadiya & Co. has resigned.
- Resignation due to disagreement on professional fees and scope.
- No concerns raised by auditor regarding management.
- Auditor was appointed in 2024, term ending 2029.
- Last report was for FY ended March 31, 2026.
Price Impact
More from GALLARD