Internal Auditor Arun K. Garg & Associates resigns with effect from September 25, 2026
M/s. Arun K. Garg & Associates, Chartered Accountants, has resigned as Internal Auditor for FY 2026-27, citing pre-occupation and other professional commitments.
- Internal Auditor Resigned
- M/s. Arun K. Garg & Associates, Chartered Accountants
- Effective Date
- September 25, 2026
- Financial Year
- FY 2026-27
- Reason for Resignation
- Pre-occupation with other professional assignments and lack of resources
What was shared
Kothari Fermentation and Biochem Limited intimated BSE under Regulation 30 of the SEBI Listing Regulations that its Internal Auditor has resigned.
- Firm resigning: M/s. Arun K. Garg & Associates, Chartered Accountants
- Role: Internal Auditor for Financial Year 2026-27
- Resignation letter dated September 22, 2026, received by the company on September 25, 2026
- Effective from September 25, 2026
Reason given
The firm stated pre-occupation with other professional assignments and lack of resources as the reason for being unable to continue. In its letter to the Board it also said it has no objection to the appointment of any other Chartered Accountant firm in the casual vacancy created by the resignation.
What happens next
The company has said it is in the process of identifying and appointing a new Internal Auditor in accordance with applicable provisions, and that this will be intimated separately as and when applicable.
How to read it
An internal auditor reviews a company's internal controls and processes; this is a different role from the statutory auditor who signs off the financial statements. The stated reason relates to the audit firm's own workload rather than any issue raised about the company's accounts. Investors typically watch for the follow-up announcement naming the replacement Internal Auditor.
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