MCMitsu Chem Plast540078Auditor resignation (mid

Secretarial Auditor resigns with immediate effect; Board to appoint a replacement

Secretarial Auditor M/s. Haresh Sanghvi (Practising Company Secretary) has resigned with immediate effect from 26 October 2026, citing preoccupation with professional assignments.

By ScoutQuest · Mon 26 Oct 2026, 7:57 PM IST · 1 min read

Resignation letter date / effective date

26 October 2026

Nature of exit

resigned with immediate effect

Original appointment tenure

financial years 2025-2026 to 2029-2030

Who resigned

• The Secretarial Auditor of the company, M/s. Haresh Sanghvi, Practising Company Secretary, has tendered his resignation from the office of Secretarial Auditor.
• The resignation is with immediate effect, and the letter is dated 26 October 2026.
• He was appointed as Secretarial Auditor for the financial years 2025-2026 to 2029-2030.

Reason given in the update

• Pre-occupation with professional assignments and unavoidable professional commitments.
• The resignation letter states that this is the only reason for stepping down.
• The company states that there is no adverse remark or observation that has a bearing on the financial or operational affairs of the company.

What happens next

• The Board of Directors shall consider and appoint a new Secretarial Auditor in due course.
• That appointment is to be intimated to the stock exchange in line with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What a Secretarial Auditor does

• A Secretarial Auditor is a practising Company Secretary who checks a company's secretarial records and its compliance with company law and securities market rules.
• This is a compliance role, distinct from the statutory financial auditor who audits the accounts.

How a reader may view this

• The update attributes the exit to the auditor's own professional commitments, and the company has stated that nothing in it affects its financial or operational affairs.
• The position is currently being handled through a fresh appointment, which the Board will take up.
• Resignations of key compliance personnel are usually watched by investors for the reason given and for how quickly a replacement is put in place; both points are addressed in this intimation.

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.

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