Auditor3 Jun 2026, 09:17 am
Yuken India Material Subsidiary's Auditors Resign
AI Summary
Yuken India Ltd announced that its material subsidiary, Coretec Engineering India Private Limited, has accepted the resignation of its statutory auditors, M/s. VKAN & Associates. The resignation is effective from June 2, 2026, due to the auditors' pre-occupation with other professional commitments. The auditors confirmed that the resignation is not due to any issues concerning the subsidiary's affairs, financial position, internal controls, governance, or management. The resignation follows the completion of the audit for the financial year ended March 31, 2026, allowing the subsidiary time to appoint new auditors.
Key Highlights
- Statutory auditors of Yuken India's material subsidiary have resigned.
- Resignation is effective June 2, 2026, due to auditor pre-occupation.
- No issues cited regarding the subsidiary's financial health or governance.
- Resignation follows completion of the FY26 audit.
- Subsidiary will appoint new auditors.
Price Impact
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