Internal Auditors resign effective October 1, 2026 after completing FY 2025-26 audit assignments
M/s. Sarat Jain & Associates, Chartered Accountants (FRN: 014793C), Internal Auditors of the company, have tendered their resignation with effect from October 1, 2026.
- Auditor resigning
- M/s. Sarat Jain & Associates, Chartered Accountants (FRN: 014793C), Internal Auditors
- Effective date of cessation
- October 1, 2026
- Stated reason
- Completion of the internal audit assignments for FY 2025-26
- Reports submitted
- Half-years ended 30 September, 2025 and 31 March, 2026
- Pending matters
- No internal audit reports, audit observations or unresolved matters pending from their end
What the company informed the exchanges
M/s. Sarat Jain & Associates, Chartered Accountants, the Internal Auditors of the company, have tendered their resignation with effect from October 1, 2026, vide their letter dated October 1, 2026. The company has stated that the auditor shall cease to act as Internal Auditors of the company with effect from that date.
What the auditor's letter says
- The resignation is consequent upon completion of the internal audit assignments for FY 2025-26.
- The auditor confirms it carried out the internal audit assignments for FY 2025-26 and has submitted the internal audit reports in respect of the half-years ended 30 September, 2025 and 31 March, 2026.
- Those reports constitute the auditor's final deliverables for the internal audit engagement for FY 2025-26.
- As on the date of the letter, the auditor confirms there are no internal audit reports, audit observations or unresolved matters pending from its end in relation to that engagement.
- The auditor confirms there are no other material reasons for the resignation other than those stated in the letter.
- The auditor records its appreciation for the cooperation and support extended by the Board, management and officials during the engagement.
What the company's disclosure adds
- The company states that the Internal Auditor has confirmed there are no material reasons for the resignation other than those mentioned in the resignation letter.
- The annexure to the intimation records the name of the Internal Auditor as Sarat Jain & Associates, Chartered Accountants, the reason for change as resignation, and the date of cessation as October 1, 2026.
Why an internal auditor matters
An internal auditor reviews the company's processes and internal controls through the year, separate from the statutory auditor who audits and reports on the financial statements. A change of internal auditor is therefore a change in one of the checks a company has over its own operations. In this case, the update links the change to the completion of the FY 2025-26 assignment, and the outgoing auditor states that nothing is pending from its side.
What investors may watch for
- Who is appointed as the new internal auditor and the effective date of that appointment.
- Any further intimation the company files on this change.
The update is a disclosure of the cessation of the Internal Auditors. It does not carry any financial figures such as turnover, profit, order value or shareholding.
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.