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Auditor12 Aug 2026, 03:54 pm

Oswal Agro Mills Auditor Resigns Over Fee Dispute

AI Summary

Oswal Agro Mills Limited announced the resignation of its statutory auditor, M/s. Mehta Chokshi & Shah LLP, effective August 11, 2026. The resignation stems from a disagreement over audit fees, with the auditor stating that the company did not approve their fee proposal for the financial year 2026-27. The auditor emphasized that this is a business decision solely due to non-agreement on fees and not due to any other circumstances. The company will need to appoint a new statutory auditor to fill the resulting vacancy.

Key Highlights

  • Statutory auditor M/s. Mehta Chokshi & Shah LLP has resigned.
  • Resignation is effective from August 11, 2026.
  • Reason cited is disagreement over audit fees for FY 2026-27.
  • Company to appoint a new statutory auditor.
  • No other reasons for resignation were stated.