Patanjali Foods has announced the intended resignation of its statutory auditor, M/s. Chaturvedi & Shah LLP. While a formal resignation letter is pending, the company has already planned for a replacement. M/s. Walker Chandiok & Co. LLP will take over as the statutory auditor once the resignation is effective, ensuring a smooth transition and compliance with regulatory requirements. The change is due to a disagreement over audit fee revisions.
Auditor Change Announcement
Patanjali Foods Limited has received communication regarding the intended resignation of its statutory auditor, M/s. Chaturvedi & Shah LLP. The company is taking steps to ensure a seamless transition in its auditing responsibilities. As of October 9, 2025, the formal resignation letter is still pending.
Reason for Resignation
The intended resignation stems from disagreements over audit fee revisions. M/s. Chaturvedi & Shah LLP cited that the proposed fees were disproportionate to their audit efforts, making it difficult for them to continue in their role.
Replacement Plans
To maintain continuity and regulatory compliance, Patanjali Foods has stated that M/s. Walker Chandiok & Co. LLP will assume the role of statutory auditor upon the effectiveness of M/s. Chaturvedi & Shah LLP’s resignation. This transition is designed to be smooth and efficient.
M/s. Chaturvedi & Shah LLP’s Perspective
In a letter dated October 8, 2025, M/s. Chaturvedi & Shah LLP expressed their intent to resign, citing concerns over the proposed audit fees. They have also committed to providing necessary assistance and information during the transition period. The firm also expects to issue a Limited Review Report for the quarter ended September 30, 2025, in connection with the Limited Review of financial results of the Company.
Source: BSE
