Auditor12 Aug 2026, 02:27 pm
Padmanabh Industries Ltd: Statutory Auditor Resigns
AI Summary
Padmanabh Industries Ltd announced the resignation of its Statutory Auditor, M/s. S K Bhavsar & Co., Chartered Accountant, effective August 12, 2026. The resignation is attributed to pre-existing professional commitments and a recent change in the company's management. The auditors confirmed that there are no material reasons for their resignation beyond those stated and no adverse remarks to report regarding the company's affairs. The Board Meeting where this was discussed concluded within a short timeframe.
Key Highlights
- Statutory Auditor M/s. S K Bhavsar & Co. has resigned.
- Resignation is due to professional commitments and management changes.
- No fraud or non-compliance issues were cited.
- The company has provided required disclosures as per SEBI regulations.
Price Impact
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