Auditor4 Nov 2026, 12:00 pm
Garbi Finvest Ltd: Statutory Auditor Resigns Due to Non-Payment
AI Summary
Garbi Finvest Ltd announced the resignation of its Statutory Auditor, M/s Kushal S. Poonia & Co. The resignation is attributed to the non-payment of professional fees, which remained outstanding despite becoming due. The resignation letter was received on November 3, 2026, and will be noted at the Board meeting scheduled for November 13, 2026. The company plans to fill the vacancy within thirty days, subject to Audit Committee recommendation and member approval.
Key Highlights
- Statutory Auditor M/s Kushal S. Poonia & Co. has resigned.
- Reason for resignation is non-payment of outstanding professional fees.
- Resignation effective upon completion of the Limited Review Report for Q2 FY27.
- Company to appoint a new auditor within 30 days.
- Board meeting scheduled to note the resignation.
Price Impact
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