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Latest filing: 2026-09-01 13:49
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Statutory Auditor R.B. Gohil & Co. Resigns Effective August 31, 2026
Upsurge Seeds of Agriculture has announced the resignation of its statutory auditor, M/s R.B. Gohil & Co. (FRN: 119360W), effective from the close of business hours on August 31, 2026. The auditor, who was appointed for FY 2025-26, cited pre-occupation with other assignments as the reason for stepping down. The company (TTM revenue ₹248 Cr, net worth ₹62 Cr) will need to appoint a successor auditor subject to audit committee and shareholder approvals.
Confidence: HIGH
What changedM/s R.B. Gohil & Co. ceased to be the statutory auditor of the company as of August 31, 2026.
Why it mattersAuditor transitions during a financial year require scrutiny to confirm smooth transition of audit responsibilities and maintenance of financial reporting standards.
Effective date of resignation: 31th August 2026Auditor Firm Registration No.: 119360WCompany TTM Revenue: Rs 248 CrCompany Net Worth: Rs 62 Cr
📅 Short termThe company's board/audit committee will convene to propose and appoint a casual vacancy auditor to ensure seamless interim reporting.
📈 Long termLimited operational impact, provided the company smoothly transitions to a reputable audit firm without reporting delays.
⚠ Risk flags
- Mid-tenure statutory auditor resignation creates corporate governance scrutiny
- Potential delay in finalization of upcoming periodic financial results during auditor transition
Key Highlights
M/s R.B. Gohil & Co. tendered resignation as Statutory Auditor vide letter dated August 31, 2026
Resignation became effective immediately from close of business hours on August 31, 2026
Reason cited for resignation is pre-occupation in other assignments
The auditor was originally appointed for the Financial Year 2025-26
👀 What to Watch
Track the appointment of the new statutory auditor and monitor upcoming financial disclosures or audit committee reports for any further governance commentary.
Statutory Auditor M/s. R.B.GOHIL & CO. Resigns Effective August 31, 2026
Upsurge Seeds of Agriculture Limited has informed the exchange that its statutory auditor, M/s. R.B.GOHIL & CO. (FRN: 119360W), has tendered its resignation effective August 31, 2026. The firm stated 'pre-occupation in other assignments' as the reason for stepping down. The company, which has a market cap of ₹100 Cr and TTM revenue of ₹248 Cr, will need to appoint a successor statutory auditor to maintain audit continuity.
Confidence: HIGH
What changedM/s. R.B.GOHIL & CO. has resigned as the statutory auditor of the company effective close of business hours on August 31, 2026.
Why it mattersAuditor changes require monitoring to verify smooth transition in corporate governance and timely filing of upcoming financial results.
Effective resignation date: 31th August, 2026Auditor Firm Registration No.: 119360WMarket Cap: Rs 100 CrTTM Revenue: Rs 248 Cr
📅 Short termInvestors will watch for the announcement of the incoming audit firm to ensure no delay in quarterly/annual compliance.
📈 Long termLimited operational impact if a credible successor audit firm is appointed without disputes or restatements.
⚠ Risk flags
- Sudden auditor resignation
- Governance and reporting continuity risk pending new appointment
Key Highlights
Resignation of Statutory Auditor M/s. R.B.GOHIL & CO. (FRN: 119360W) effective from August 31, 2026
Reason cited for resignation: Pre-occupation in other assignments
Auditor was appointed for the Financial Year 2025-26
Company reported TTM revenue of ₹248 Cr and TTM PAT of ₹17 Cr
👀 What to Watch
Monitor upcoming board announcements regarding the appointment of a new statutory auditor and review disclosures in subsequent audit reports.
