Cost Auditor Y. S. Thakar & Co. resigns, citing preoccupancy

Cost Auditor resigns.

Thu 8 Oct 2026

Cost Auditor Resigning

M/s. Y. S. Thakar & Co., Cost Accountants

Resignation Effective

starting from the year 2026

Association Tenure

more than 15 years

The company has informed the stock exchanges that its Cost Auditor has resigned.

What the update says

• M/s. Y. S. Thakar & Co., Cost Accountants, resigned as the Cost Auditor of the company.
• The resignation applies starting from the year 2026.
• The firm's resignation letter is dated October 8, 2026, and the company's disclosure to the exchanges is dated 08/10/2026.
• The reason given, both in the company's disclosure and in the firm's letter, is preoccupancy — the firm says it is unable to render its professional services as Cost Auditor.
• The firm states it was professionally associated with the company for more than 15 years as Cost Auditor and for other matters.

What a cost auditor does

A cost auditor examines a company's cost accounting records and cost statements. This is a separate exercise from the statutory audit of the financial statements carried out by the financial auditor, and it is carried out by a cost accountant rather than by the financial auditor.

How the firm explains its exit

• The letter cites preoccupancy as the reason it cannot continue.
• The firm says it regrets the inconvenience caused and that it understands the change may cause hardship to the team.
• It records that it maintained the highest level of professionalism and independence while discharging its duties, and thanks the company for the trust and confidence reposed in it.
• It adds that it would always be available to be professionally associated again in future.

What this kind of update is

This is a cessation disclosure — it records that an auditor has stepped down, who the auditor was, and the reason given for the exit. Investors generally read such updates along with the reason stated, since auditor changes are watched for any sign of concern. Here the stated reason is the firm's own preoccupancy, and the firm's letter speaks positively about the relationship and its independence during the engagement.

Points a retail investor can note

• The change is at the level of the cost audit, not the statutory audit of the financial statements.
• The firm's association with the company is described as more than 15 years.
• The disclosure identifies the firm as M/s. Y. S. Thakar & Co., Cost Accountants, and notes the resignation is effective from the year 2026.

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.