Auditor1 Jul 2026, 11:49 am
Shashank Traders Ltd Auditor Resigns Due to Management Change
AI Summary
Shashank Traders Ltd announced the resignation of its statutory auditor, M/s. Nemani Garg Agarwal & Co., Chartered Accountants, effective June 30, 2026. The resignation is attributed to a change in the company's management. The auditor stated that their resignation is not due to any inability to obtain audit evidence or any disputes with the management. The Audit Committee and Board of Directors will address the resignation and recommend a new statutory auditor, subject to shareholder approval. The auditor will file the necessary forms with the Registrar of Companies.
Key Highlights
- Statutory auditor M/s. Nemani Garg Agarwal & Co. resigns.
- Resignation effective from June 30, 2026.
- Reason cited is change in company management.
- No issues with audit evidence or management disputes.
- New auditor appointment subject to board and shareholder approval.
Price Impact
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