Cost Auditor KJU & Associates resigns with effect from 04 November 2026
Vineet Laboratories has told the exchanges that its Cost Auditor, M/s. KJU & Associates, Cost Accountants (Firm Registration No. 000474), has resigned.
By ScoutQuest · · 2 min read
- Resignation effective date
- 04 November 2026
- Resigning auditor
- M/s. KJU & Associates, Cost Accountants
- Firm Registration No.
- 000474
What the company told the exchanges
- M/s. KJU & Associates, Cost Accountants, has resigned as the Cost Auditor of the Company.
- The resignation takes effect from 04 November 2026.
- The reason stated in the intimation is professional commitments and other unavoidable circumstances, described in the detailed disclosure as preoccupation in other assignments.
- The firm has confirmed that there are no professional or other reasons connected with the affairs of the Company that prompted the resignation.
- The firm has offered to extend all necessary cooperation for a smooth handover of any pending matters relating to the cost audit.
- The Board has been requested to appoint another eligible Cost Auditor in line with the Companies Act, 2013 and the rules made thereunder.
What a cost auditor does
A cost auditor is a separate professional from the statutory financial auditor. The role is to examine the company's cost records and cost accounting systems, which matters most for manufacturing businesses. A resignation from this role is a change of a compliance function; the statutory auditor who signs off on the financial statements is a different appointment.
How to read this intimation
- The update is a disclosure of a change in auditor, made by the company to both exchanges.
- The stated cause is the firm's own workload, and the firm has expressly said the resignation is not linked to the Company's affairs.
- A replacement cost auditor still has to be appointed for the relevant period, so the follow-up intimation on the new appointment is the item to look out for.
- The firm has said it will cooperate on handover, which is relevant if cost audit work for the period is still in progress.
What an investor can take away
This is an administrative, compliance-type disclosure rather than an operating or financial update. It changes who performs the cost audit, not the reported numbers for a period already closed. The practical thing to track is the appointment of the next eligible Cost Auditor and whether the cost audit report for the relevant year is completed on time.
Also from Vineet Laboratories
Board approves M/s Krishna Reddy & Co. as Internal Auditor for FY 2026-27
4 Nov 2026
Internal Auditor M/s. V D P & Co resigns, citing other professional commitments
4 Nov 2026
Board Approves Appointment of M/s Mannidi & Associates as Cost Auditor for 2026-27
4 Nov 2026
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