Terraform Magnum Auditors Resign Over Fee Discrepancy

Terraform Magnum Ltd announced the resignation of its statutory auditors, M/s. J. D. Zatakia & Co., effective August 4, 2026. The auditors cited that the existing fees are not commensurate with the time and effort required for their responsibilities. The appointment of the auditors was made on September 27, 2024, for a five-year term. The company has enclosed the resignation letter and relevant annexures as per SEBI regulations. The reason for resignation is a fee dispute, indicating potential challenges in auditor-company relations regarding compensation for audit services.