StockWatch
·
Healthcare Service Provider
Auditor4 Nov 2026, 03:21 pm

Transgene Biotek: Auditors Resign, New Firm Appointed

AI Summary

Transgene Biotek Limited's Board of Directors accepted the resignation of M/s. Harish Gummadi & Co., Chartered Accountants, as Statutory Auditors, effective November 3, 2026. The resignation was due to unforeseen circumstances and a medical emergency affecting their professional availability for the Q2 FY27 limited review. The Board, on the Audit Committee's recommendation, appointed M/s. Ranganath Prasad & Co. as the new Statutory Auditors to fill the casual vacancy. This appointment is subject to shareholder approval at the upcoming general meeting and will last until the conclusion of the next Annual General Meeting.

Key Highlights

  • Statutory Auditors M/s. Harish Gummadi & Co. resigned.
  • Resignation due to medical emergency and availability issues.
  • M/s. Ranganath Prasad & Co. appointed as new Statutory Auditors.
  • New auditor appointment subject to shareholder approval.
  • Casual vacancy to be filled until the next AGM.