Trident Texofab Limited has accepted the resignation of its statutory auditors, M/s. Shah Kailash and Associates LLP, effective August 10, 2026. The firm cited increasing professional commitments and workload as the reason for resignation. The company’s Board has approved the appointment of M/s. Prit Agrawal & CO. as the new internal auditor for the financial year 2026-27. The Audit Committee and Board will consider the appointment of new statutory auditors in due course.
| Particular | Details |
| Reason for Change viz. Appointment, Resignation, Removal, Death or otherwise; | M/s. Shah Kailash & Associates LLP, Chartered Accountant, has resigned as Statutory Auditor due to the Firm’s increasing professional commitments and workload. |
| Date of appointment/ cessation (as applicable) & term of appointment | August 10, 2026 |
| Brief Profile | Not Applicable |
| Disclosure of Relationship between Directors (In case Appointment of Director) | Not Applicable |
Auditor Resignation Details
In a significant development, Trident Texofab Limited announced the resignation of its statutory auditors, M/s. Shah Kailash and Associates LLP. The resignation is effective from August 10, 2026. The auditing firm cited the reason for their departure as the firm’s increasing professional commitments and an expanding workload, which makes it challenging to dedicate the necessary time and resources to effectively discharge their responsibilities as statutory auditors for the listed entity.
The resignation letter, dated August 10, 2026, explicitly states that the decision is solely on account of existing professional commitments and workload, and not due to any disagreement or dispute with the management, Audit Committee, or Board of Directors on any accounting-related matters.
Appointment of New Internal Auditor
Concurrently, the Board of Directors also approved the appointment of M/s. Prit Agrawal & CO., Chartered Accountants (FRN No. 152249W), as the Internal Auditor for the financial year 2026-27. This firm is based in Ahmedabad and specializes in various services including direct and indirect taxation, statutory and tax audits, concurrent audits, business advisory, corporate services, and insolvency and bankruptcy-related services.
The company has indicated that the Audit Committee and the Board will deliberate on the appointment of new statutory auditors in due course to fill the casual vacancy created by the resignation of the previous auditors.
Financial Results Review
The outgoing auditors, M/s. Shah Kailash & Associates LLP, have confirmed the completion of their Limited Review for the quarter ended June 30, 2026, and have issued their reports. The financial results for the quarter, along with the Limited Review Report, were presented and taken on record by the Board of Directors during their meeting held on August 10, 2026.
Source: BSE
