Farm Peace auditor resigns citing peer review compliance
- Statutory auditor M/s. R H Panwar & Associates resigned from Farm Peace Limited on October 1, 2026
- Resignation driven by inability to meet Peer Review certification requirements for FY27
- Auditor was appointed in September 2022 for a term extending to the 6th AGM in 2027
- No management-imposed limitations or audit evidence issues were reported in the filing
*this image is generated using AI for illustrative purposes only.
Farm Peace Limited confirmed the resignation of its statutory auditor, M/s. R H Panwar & Associates, with immediate effect on October 1, 2026. The firm cited inability to meet professional requirements for Peer Review certification as the primary reason for stepping down ahead of FY27.
The resignation was communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the decision was taken to facilitate the appointment of a Peer Reviewed Chartered Accountant firm and ensure a smooth transition for the ensuing financial year.
Auditor Tenure and Recent Filings
M/s. R H Panwar & Associates was originally appointed by the members at the Annual General Meeting on September 30, 2022. Their term was scheduled to continue until the conclusion of the 6th AGM in 2027. Prior to this resignation, the firm had submitted the audit report for the year ended March 31, 2026, on June 9, 2026.
What the Numbers Show
The disclosure highlights a procedural rather than financial divergence. While the auditor completed the FY26 audit report without qualification mentioned in the filing, the resignation stems strictly from regulatory compliance regarding Peer Review certification. This indicates no reported audit disputes or management-imposed limitations on information access, as explicitly marked "Not Applicable" in the SEBI Annexure I disclosures.
| Detail | Information |
|---|---|
| Resigning Auditor | M/s. R H Panwar & Associates |
| Effective Date | October 1, 2026 |
| Original Appointment | September 30, 2022 |
| Reason for Resignation | Peer Review certification requirements |
| Last Audit Report | Year ended March 31, 2026 (submitted June 9, 2026) |
Historical Stock Returns for Farm Peace
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -40.39% | -29.86% | -29.86% | -29.86% | -29.86% |
Which Peer Reviewed Chartered Accountant firm will Farm Peace Limited appoint to replace the resigning auditor before the FY27 audit cycle begins?
How might the transition to a new statutory auditor impact the timeline for Farm Peace Limited's upcoming quarterly and annual financial disclosures?
Does this resignation signal a broader trend of smaller audit firms exiting listed company engagements due to increasing ICAI Peer Review compliance burdens?
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