Auditor19 Sept 2026, 07:20 pm
TeleCanor Global Initiates Removal of Statutory Auditors
AI Summary
TeleCanor Global Ltd's Board of Directors has approved the initiation of the process to remove M/s. K.K. Goel & Co. as Statutory Auditors due to non-cooperation and failure to provide necessary information. The company will apply to the Regional Director for approval and subsequently seek shareholder approval via a Special Resolution. The Board also authorized directors to file complaints against the auditors for the consequential impact on compliances and potential fines, including ₹5,000 per day SOP fines for pending compliances/results for June 2026 and March 2026 quarters.
Key Highlights
- Board approves removal of statutory auditors M/s. K.K. Goel & Co.
- Reason cited is auditor's non-cooperation and failure to provide information.
- Company to seek Regional Director and shareholder approval for removal.
- Directors authorized to file complaints against auditors.
- Potential daily SOP fines of ₹5,000 noted for pending compliances.
Price Impact
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