
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.
Price Impact
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