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Auditor21 May 2026, 07:33 pm

Glen Industries: S N Guha & Co resigns, Tosniwal & Associates appointed auditor

AI Summary

Glen Industries Ltd's Board of Directors, based on the Audit Committee's recommendation, has accepted the resignation of M/s. S N Guha & Co, Chartered Accountants, as Statutory Auditors, effective May 21, 2026. The resignation was due to the non-renewal of their Peer Review Certificate. The Audit Committee confirmed no concerns were raised by the outgoing auditors. Concurrently, the Board approved the appointment of M/s. Tosniwal & Associates, Chartered Accountants, as the new Statutory Auditors, subject to shareholder approval at the upcoming General Meeting. They will hold office until the next AGM.

Key Highlights

  • S N Guha & Co resigned as Glen Industries' Statutory Auditors.
  • Resignation was due to non-renewal of their Peer Review Certificate.
  • Outgoing auditors did not raise any concerns or issues.
  • M/s. Tosniwal & Associates appointed as new Statutory Auditors.
  • New auditor appointment is subject to shareholder approval.