Katare Spinning Mills Limited has announced the resignation of its statutory auditors, M/s. G M Pawle and Associates. The resignation is effective from 12th August 2026. The primary reason cited for the resignation is the proprietary firm’s merger into a partnership firm, which will prevent the current auditor from practicing independently. The company has attached a copy of the resignation letter and relevant details as per SEBI regulations.
Statutory Auditors Resign
Katare Spinning Mills Limited has formally notified the Bombay Stock Exchange of the resignation of its statutory auditors, M/s. G M Pawle and Associates. This resignation is effective as of 12th August 2026.
Reason for Resignation
The decision by M/s. G M Pawle and Associates to resign stems from a restructuring within their firm. The proprietary firm is currently undergoing a merger into a partnership firm named M/s. PMWC And Associates, Chartered Accountants. Consequently, the auditor will no longer be able to practice independently and thus cannot continue the statutory audit assignment for Katare Spinning Mills Limited in their individual capacity.
Disclosure and Documentation
As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars, Katare Spinning Mills Limited has provided a detailed disclosure regarding this resignation. This includes the firm’s registration number (160253W) and the proprietor’s membership number (032561). A copy of the resignation letter, dated 12th August 2026, and Annexure II detailing the required information have been furnished.
Auditor’s Tenure and Gratitude
The resigning auditor expressed sincere thanks to the management, Board of Directors, Audit Committee, and the entire team of Katare Spinning Mills Limited for their cooperation and support throughout their tenure as Statutory Auditor.
Source: BSE
