Auditor5 Sept 2026, 05:51 pm
Innovative Ideals Resignation of Secretarial Auditor
AI Summary
Innovative Ideals and Services (India) Ltd has announced the resignation of its Secretarial Auditor, M/s. Prachi Bansal & Associates. The auditors, appointed for a five-year term from FY 2025-26 to FY 2029-30, resigned on September 4, 2026, citing inability to mutually agree on commercial terms. The company stated there are no concerns raised by the auditor regarding management or material reasons for the resignation. The Audit Committee and Board will appoint a new Secretarial Auditor in due course.
Key Highlights
- Secretarial Auditor M/s. Prachi Bansal & Associates resigned.
- Resignation effective September 4, 2026, due to commercial disagreements.
- No material concerns raised by the auditor regarding management.
- New auditor appointment to be considered by the Board.
- The resignation is in compliance with SEBI Listing Regulations.
Price Impact
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