Crizac internal auditor Ghoshal & Co resigns
Crizac Limited announced the resignation of its internal auditor, Ghoshal & Co, effective May 21, 2026, due to preoccupation with professional commitments. The company confirmed there are no material reasons for the resignation, and the internal audit period was limited to March 31, 2026.

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Crizac Limited has informed the exchanges regarding the resignation of its internal auditor, Ghoshal & Co. The firm tendered its resignation effective May 21, 2026, citing time constraints and preoccupation with professional commitments as the primary reasons.
Resignation Details
The resignation was communicated via a letter dated May 21, 2026. Consequently, Ghoshal & Co, Chartered Accountants, ceased to act as the internal auditor of the company from the same date. The company confirmed that the internal auditor stated there are no material reasons for the resignation other than those mentioned in the letter.
Auditor Information
The disclosure provided specific details regarding the change in the internal auditor's position.
| Sr.No. | Particulars | Details |
|---|---|---|
| a) | Name of Internal Auditor | Ghoshal & Co., Chartered Accountants, (FRN: 050177) |
| b) | Reason for change | Resignation due to preoccupation and professional commitments. |
| c) | Date of cessation | 21 May, 2026 |
| d) | Brief profile | Not Applicable |
| e) | Disclosure of relationships | Not Applicable |
The resignation letter from Ghoshal & Co noted that the internal audit period was limited to March 31, 2026. The firm expressed gratitude to the management and team for their support during its tenure. The information was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Crizac
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.63% | +17.95% | +11.91% | -9.56% | -22.36% | -22.36% |
Who will Crizac Limited appoint as its new internal auditor, and what timeline is the company targeting to fill this critical governance role?
Could the sudden mid-year departure of Ghoshal & Co. signal any underlying concerns about Crizac Limited's internal controls or financial reporting processes that investors should monitor?
How might the gap in internal audit coverage between May 21, 2026 and the appointment of a new auditor impact Crizac Limited's compliance with SEBI listing obligations?


































