StockWatch
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Other Agricultural Products
Auditor17 Jun 2026, 04:51 pm

Indo Us Bio-Tech: Gautam N Associates Resigns, Bhagat & Associates Appointed Auditor

AI Summary

Indo Us Bio-Tech Ltd announced the resignation of M/s. Gautam N Associates, Chartered Accountants, as its Statutory Auditor, effective June 15, 2026. The resignation was attributed to administrative and operational restructuring, with the company seeking to economize operations and appoint a local auditor. Following this, the Board of Directors, based on the Audit Committee's recommendation, approved the appointment of M/s. Bhagat & Associates, Chartered Accountants, as the new Statutory Auditor. This appointment is effective from June 15, 2026, and is subject to the approval of shareholders at the next General Meeting.

Key Highlights

  • Gautam N Associates resigned as Statutory Auditor of Indo Us Bio-Tech.
  • Resignation is effective from June 15, 2026, due to operational restructuring.
  • M/s. Bhagat & Associates appointed as the new Statutory Auditor.
  • The new auditor's appointment is subject to shareholder approval.