Internal Auditor Rajat Kala & Associates Resigns With Effect From October 28, 2026
Internal auditor M/s. Rajat Kala & Associates, Chartered Accountants, resigned effective close of business on 28th October 2026, citing pre-occupation and other professional commitments.
By ScoutQuest · · 2 min read
- Internal Auditor Resignation Effective Date
- 28th October 2026
- Internal Audit Report Submitted
- FY 2025-2026 internal audit report submitted on 28th May 2026
- Stated Reason
- pre-occupation and other professional commitments
The company disclosed a change in its internal auditor through a Regulation 30 update with BSE, attaching the auditor's resignation letter and a standard-format annexure on the appointment/cessation.
What was disclosed
- M/s. Rajat Kala & Associates, Chartered Accountants, Kolkata, was the internal auditor appointed for F.Y. 2025-2026.
- The firm tendered its resignation vide its letter dated 28th October 2026.
- It ceases to act as internal auditor of the company with effect from 28th October 2026.
- The stated reason is pre-occupation and other professional commitments.
- The auditor confirmed there are no material reasons for the resignation other than those mentioned in the resignation letter, and that there are no other material reasons.
What the auditor's letter says
- The firm was appointed by the Board under Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014.
- The internal audit for the financial year 2025-26 (April 1, 2025 to March 31, 2026) was completed and the Internal Audit Report dated May 28, 2026 was submitted to the Board.
- No observation from that report remains pending for the firm's clarification.
- Records provided by the company will be returned, and reasonable cooperation will be extended for a smooth transition to the incoming internal auditor.
- The firm has asked the Board to take note of and accept the resignation and to take further action, including intimation to BSE Limited, as required.
How a retail investor might read this
- The internal auditor is one of the checks on a company's internal controls and processes, so a change of firm is a governance-related event worth noting rather than a routine administrative update.
- The FY 2025-2026 internal audit cycle had already been completed and reported before the resignation, and the firm states that nothing from that report is awaiting clarification.
- The resignation letter itself refers to an incoming internal auditor and to a transition.
- A point to note: the company's covering letter and the resignation letter carry firm registration no. 027803C, while the annexure table lists firm registration no. 332486E for the same firm.
- The company communication is signed by Sandip Raha, Managing Director.
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