Prime Industries Limited has announced the resignation of its statutory auditor, M/s. Bhushan Aggarwal & Co. The resignation, effective August 11, 2026, was submitted due to the auditor’s pre-occupation with other professional assignments and time constraints. The company has enclosed details as required by SEBI regulations, including information regarding the reason for resignation and the effective date. The company will now proceed to appoint a new statutory auditor to fill the resulting casual vacancy.
Statutory Auditor Resignation Announced
Prime Industries Limited has formally informed the stock exchange about the resignation of its statutory auditor, M/s. Bhushan Aggarwal & Co. The resignation was submitted on August 11, 2026, and is effective from the same date. The company confirmed that the auditor cited pre-occupation with other professional assignments and time constraints as the reason for their decision.
Regulatory Disclosure and Next Steps
As per the company’s disclosure, the resignation is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the auditor’s resignation letter, along with a detailed annexure providing required information, has been furnished to the stock exchange. The company is expected to initiate the process to appoint a new statutory auditor to fill the casual vacancy in accordance with applicable laws and regulations.
Auditor Information Provided
The provided annexures detail the auditor’s information, including their name, address, and contact information. The details also confirm that the auditor’s term was scheduled to expire on September 30, 2029. The latest audit report submitted was a Limited Review Report for the un-audited financial results for the quarter ended June 30, 2026, submitted on August 10, 2026. The auditor has confirmed that there are no other material reasons or concerns surrounding their resignation.
Source: BSE
