Auditor4 Nov 2026, 05:01 pm
Popular Vehicles Subsidiary Auditor Resigns
AI Summary
Popular Vehicles and Services Ltd announced the resignation of statutory auditors M/s R.G.N. Price & Co. from its wholly-owned material subsidiary, Popular Mega Motors (India) Private Limited (PMMIL). The resignation is effective from November 4, 2026, and is a consequence of the rotation of statutory auditors for the holding company, Popular Vehicles and Services Ltd. The management intends to align the subsidiary's audit with the holding company's. The resigning auditors have not raised any concerns, and no Audit Committee deliberation is required.
Key Highlights
- Statutory auditors of subsidiary PMMIL have resigned.
- Resignation is due to auditor rotation at the holding company.
- Audit of subsidiary to be aligned with holding company.
- No concerns raised by the resigning auditors.
Price Impact
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