Auditor30 Jul 2026, 05:20 pm
Shiva Granito Export Ltd: Statutory Auditors Resign Due to Non-Cooperation
AI Summary
Shiva Granito Export Ltd has announced the resignation of its statutory auditors, M/s Nenawati & Associates. The auditors cited non-cooperation from the management in conducting the audit for the financial year 2025-26 as the primary reason for their resignation. The company has submitted additional details as required by SEBI circulars dated October 18, 2019, and November 11, 2024, along with the auditor's resignation letter. The auditors had previously issued a Limited Review Report for the half-year ended September 30, 2025. The resignation highlights potential corporate governance concerns regarding audit process cooperation.
Key Highlights
- Statutory auditors M/s Nenawati & Associates have resigned.
- Resignation due to management's non-cooperation for FY25-26 audit.
- Company submitted additional details as per SEBI circulars.
- Potential corporate governance issues raised by auditor's statement.
Price Impact
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