Auditor18 Jun 2026, 04:08 pm
Mangalam Industrial Finance Auditors Resign
AI Summary
Mangalam Industrial Finance Ltd announced the resignation of its statutory auditors, M/s Mahesh Udhwani & Associates, effective May 14, 2026. The auditors cited inability to discharge professional responsibilities due to non-receipt of timely information and documents. The company acknowledged an administrative oversight for the delayed disclosure and will appoint a new auditor to fill the casual vacancy.
Key Highlights
- Statutory auditors M/s Mahesh Udhwani & Associates have resigned.
- Resignation is effective May 14, 2026.
- Reason cited: inability to discharge duties due to lack of information.
- Company to appoint a new statutory auditor.
- Disclosure delay attributed to administrative oversight.
Price Impact
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