Auditor7 Aug 2026, 11:03 am
Neo Infracon Ltd: Statutory Auditors D. Kothari & Associates Resign
AI Summary
Neo Infracon Ltd has announced the resignation of its statutory auditors, M/s. D. Kothari & Associates, Chartered Accountants, effective August 6, 2026. The resignation is attributed to an inability to agree on a mutually acceptable fee structure. The company has acknowledged the resignation and will commence the process to appoint a new statutory auditor in compliance with the Companies Act, 2013, and SEBI regulations. The auditors have provided a limited review report for the quarter ended June 30, 2026, and confirmed no other significant issues prior to their departure.
Key Highlights
- Statutory Auditors D. Kothari & Associates resign from Neo Infracon Ltd.
- Resignation effective August 6, 2026, due to fee structure disagreement.
- Company to initiate process for appointing a new statutory auditor.
- Auditors issued limited review report for Q1 FY27.
- No other significant concerns raised by the resigning auditors.
Price Impact
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