Statutory Auditor R H Panwar & Associates resigns with immediate effect, cites peer review certification requirement
Farm Peace Ltd has informed BSE that its Statutory Auditors, M/s. R H PANWAR & ASSOCIATES, have tendered their resignation with immediate effect from October 01, 2026.
- Resignation effective from
- October 01, 2026
- Outgoing statutory auditor
- M/s. R H PANWAR & ASSOCIATES
- Appointment date
- September 30, 2022
- Term of appointment
- from the conclusion of the 1st AGM till the conclusion of the 6th AGM to be held in the year 2027
- Audit report issued for year ended
- March 31, 2026, submitted on June 09, 2026
What the company told the exchange
Farm Peace Limited has informed BSE that its Statutory Auditors, M/s. R H PANWAR & ASSOCIATES, Chartered Accountants, tendered their resignation on October 01, 2026 with immediate effect.
The reason the auditor gave
In the resignation letter, the firm states that in view of certain professional and regulatory requirements relating to Peer Review certification, it would not be in a position to continue as the Statutory Auditors of the Company from FY 2026-27 with immediate effect. It says the resignation is meant to facilitate the appointment of a Peer Reviewed Chartered Accountant firm and to ensure a smooth transition for the ensuing financial year.
The outgoing auditor's tenure and reports
- The firm was appointed by the members of the company on September 30, 2022 at the Annual General Meeting.
- Its term was to run from the conclusion of the 1st AGM till the conclusion of the 6th AGM of the Company to be held in the year 2027.
- The firm issued the Audit Report for the year ended March 31, 2026, submitted on June 09, 2026.
What the auditor declared
The resignation letter carries a declaration signed by Rahulsingh Panwar, Proprietor, stating that the information given in the letter and its attachments is correct and complete, and that there is no other material reason other than those provided above for the resignation.
How to read this
A statutory auditor is the professional who examines and signs off on a company's financial statements, so a change of auditor is an event investors generally track. Here, the firm itself gives the reason as professional and regulatory requirements linked to Peer Review certification, which it says prevents it from continuing for FY 2026-27. The update states that the resignation is intended to help put a Peer Reviewed Chartered Accountant firm in place for the ensuing financial year, and the outgoing auditor has declared that there is no other material reason for stepping down.
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