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Auditor13 Aug 2026, 05:03 pm

Kotyark Industries Delays Financial Results Due to Auditor Change

AI Summary

Kotyark Industries Limited has informed the exchange about a delay in submitting its unaudited financial results for the quarter ended June 30, 2026. The current statutory auditors, M/s. Manubhai & Shah LLP, have expressed unwillingness to seek reappointment due to professional commitments and logistical constraints. The Board of Directors has proposed appointing M/s. Talati & Talati LLP as the new statutory auditor for FY 2026-27, subject to member approval at the upcoming 10th AGM on August 22, 2026. The new auditors can only review the financial results after their appointment. Consequently, the Board Meeting to approve the results, originally due by August 14, 2026, will be convened after the AGM.

Key Highlights

  • Financial results for Q1 FY27 delayed due to auditor transition.
  • Current auditors unwilling to seek reappointment for FY 2026-27.
  • Proposed new auditors: M/s. Talati & Talati LLP.
  • New auditors to be appointed at the AGM on August 22, 2026.
  • Board meeting for results approval will be held post-AGM.