Auditor4 Nov 2026, 01:59 pm
Transgene Biotek Auditors Resign Due to Unforeseen Circumstances
AI Summary
Transgene Biotek Ltd announced the resignation of its statutory auditors, M/s. Harish Gummadi & Co., Chartered Accountants, effective November 3, 2026. The auditors cited "unforeseen circumstances" preventing them from devoting sufficient time to the company's affairs, impacting their ability to complete the limited review for the quarter ended September 30, 2026, within the prescribed timeline. The company will initiate the process to appoint a new statutory auditor in compliance with relevant regulations.
Key Highlights
- Statutory auditors M/s. Harish Gummadi & Co. have resigned.
- Resignation is effective from November 3, 2026.
- Reason cited is "unforeseen circumstances" and lack of sufficient time.
- Company to appoint a new statutory auditor.
Price Impact
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