Auditor30 Jul 2026, 08:00 pm
IKIO Subsidiaries' Joint Auditor BGJC & Associates Resigns
AI Summary
IKIO Technologies Ltd has announced the resignation of M/s BGJC & Associates LLP, the Joint Statutory Auditor for its unlisted material subsidiaries: Royalux Lighting Private Limited (RLPL), IKIO Solutions Private Limited (ISPL), and Royalux Exports Private Limited (REPL). The resignation is effective immediately. The auditor cited the appointment of Joint Statutory Auditors without prior notice or consultation as the primary reason, which they believe affected communication and coordination, making it inappropriate to continue their role. The company has received the necessary disclosures from the auditor as per SEBI regulations.
Key Highlights
- Joint Statutory Auditor for three IKIO subsidiaries has resigned.
- Resignation attributed to lack of consultation on new auditor appointments.
- Auditor felt their rights were impacted, affecting coordination.
- Company has received auditor's disclosures as per SEBI norms.
Price Impact
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