Board Withdraws Proposed Removal of Statutory Auditors; Auditors to Continue
The Board has decided not to proceed with the earlier proposed removal of the Statutory Auditors.
- Board Decision
- Board decided not to proceed with proposed removal of Statutory Auditors
- Meeting Date
- 26.09.2026
- Meeting Time
- 5:00 PM to 6:00 PM
- Auditor Status
- Statutory Auditors will continue in their role as per law and terms of appointment
What was shared
TeleCanor Global Limited reported the outcome of its Board meeting held on September 26, 2026, to BSE.
The Board considered the matter of the earlier intimated process for removal of the Statutory Auditors and approved not to proceed further with it.
Reason given
- The company states the matter has now been resolved.
- It received the necessary cooperation from the Statutory Auditors.
- All queries raised and documents/information required for the statutory audit have been duly addressed and provided.
Effect
The Statutory Auditors shall continue to act as Statutory Auditors of the company, in accordance with applicable provisions of law and the terms of their appointment.
The company states it remains committed to timely completion of its statutory audit and compliance requirements.
Meeting timing
The meeting commenced at 5:00 PM and concluded at 6:00 PM.
How investors may read it
A proposed removal of statutory auditors is usually watched closely because auditors are the independent check on a company's accounts. Withdrawing that proposal, with the stated reason that the auditors have cooperated and the audit information has been supplied, removes the uncertainty around continuity of the audit. The update carries no financial figures and no change to the company's business operations.
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