Auditor6 Nov 2026, 05:35 pm
Shayona Engineering Auditor Resigns
AI Summary
Shayona Engineering Ltd has announced the resignation of its statutory auditor, M/s. O. P. Rathi & Co., Chartered Accountants, effective November 5, 2026. The auditor cited existing professional commitments and pre-occupation with other assignments as the reason for resignation, confirming no issues related to information availability, management cooperation, or suspected fraud. The company is initiating steps to fill the casual vacancy as per the Companies Act, 2013, and will inform the stock exchange upon the appointment of a new auditor. The Audit Committee and Board of Directors have acknowledged the resignation.
Key Highlights
- Statutory auditor M/s. O. P. Rathi & Co. has resigned.
- Reason for resignation is auditor's professional commitments and resource constraints.
- No issues of fraud or lack of cooperation were cited by the auditor.
- Company is in process to appoint a new statutory auditor.
- Audit Committee and Board have taken note of the resignation.
Price Impact
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