
Auditor12 Aug 2026, 04:05 pm
Oswal Greentech Auditor Resigns Over Fee Dispute
AI Summary
Oswal Greentech Limited announced the resignation of its statutory auditor, M/s. Mehta Chokshi & Shah LLP. The resignation is effective from August 11, 2026. The auditor cited a disagreement over audit fees, stating that the company did not approve their fee proposal for the financial year 2026-27, which was not commensurate with the scope and professional responsibility involved. The firm has confirmed that this is a business decision solely due to non-agreement on fees and there are no other circumstances to report. Oswal Greentech will need to appoint a new statutory auditor to fill the vacancy.
Key Highlights
- Statutory auditor Mehta Chokshi & Shah LLP resigns.
- Resignation effective August 11, 2026.
- Reason cited is disagreement over audit fees.
- Company to appoint a new statutory auditor.
Price Impact
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