Auditor21 May 2026, 06:11 pm
Glen Industries: S N Guha & Co Resigns as Statutory Auditor
AI Summary
Glen Industries Ltd announced the resignation of M/s. S N Guha & Co as their Statutory Auditors, effective May 21, 2026, due to the non-renewal of their Peer Review Certificate. The Board of Directors, based on the Audit Committee's recommendation, accepted the resignation. M/s. Tosniwal & Associates has been appointed as the new Statutory Auditors, subject to shareholder approval at the General Meeting.
Key Highlights
- S N Guha & Co resigned as Statutory Auditors of Glen Industries, effective May 21, 2026.
- Resignation is due to non-renewal of the firm's Peer Review Certificate.
- Tosniwal & Associates appointed as new Statutory Auditors, pending shareholder approval.
- Audit Committee aligned with the reasons for resignation and noted no concerns raised by outgoing auditors.
Price Impact
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