Gujarat Peanut discloses internal auditor resignation effective Sep 1

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • M/s. D M A A AND ASSOCIATES resigned as internal auditor effective September 1, 2026
  • The firm cited personal reasons for the departure in its formal letter
  • The resignation was disclosed to BSE under SEBI LODR Regulation 30
  • The audit firm confirmed handover of records and working papers
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Gujarat Peanut and Agri Products has disclosed the resignation of M/s. D M A A AND ASSOCIATES as its internal auditor. The firm tendered its resignation with immediate effect from September 1, 2026.

The company filed the intimation with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the audit firm cited personal reasons for stepping down from the role.

Resignation Details

M/s. D M A A AND ASSOCIATES, a firm of Chartered Accountants holding Firm Registration No. 159516W, submitted a formal resignation letter dated September 1, 2026. The letter states there are no other material reasons for the departure beyond those specified.

The firm confirmed it will complete the necessary handover of relevant records, working papers, and information pertaining to internal audit assignments undertaken up to the effective date.

Regulatory Compliance

Gujarat Peanut and Agri Products Limited, formerly known as Gujarat Peanut Products Limited, notified the exchange through its Managing Director, Sagar Arunkumar Chag. The disclosure includes an annexure detailing the auditor’s name, the reason for change, and the effective date.

The company’s registered office is located in Rajkot, Gujarat.

Historical Stock Returns for Gujarat Peanut And Agri Products

1 Day5 Days1 Month6 Months1 Year5 Years
+11.88%0.0%+8.20%-7.47%0.0%0.0%

How quickly will Gujarat Peanut and Agri Products appoint a new internal auditor to ensure continuous compliance with SEBI regulations?

Could the sudden resignation of the internal auditor signal underlying governance issues or disagreements that were not disclosed as 'personal reasons'?

What impact might this leadership change in internal audit have on the company's upcoming quarterly or annual financial reporting timelines?

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Gujarat Peanut & Agri Products accepts auditor resignation

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Reviewed by
Naman SScanX News Team
Key Highlights
  • R. B. Gohil & Co. resigns as statutory auditor effective August 31, 2026
  • Firm cites pre-occupations with other professional assignments
  • No concerns raised with audit committee prior to resignation
  • Statutory audit report for FY26 submitted on July 6, 2026
  • Disclosure made under Regulation 30 of SEBI LODR Regulations
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Gujarat Peanut & Agri Products has accepted the resignation of M/s. R. B. Gohil & Co. as its statutory auditor, effective August 31, 2026. The firm cited pre-occupations with other professional assignments and time constraints as the reason for stepping down.

The audit firm was originally appointed for a five-year term starting from the conclusion of the annual general meeting for FY24, scheduled to expire in September 2029. Despite the early departure, the firm confirmed that there were no concerns or matters requiring escalation to the audit committee or board prior to the resignation.

Resignation Details

The resignation follows the submission of the statutory audit report for the period ending March 31, 2026, which was filed on July 6, 2026. The firm stated it would file Form ADT-3 with the Ministry of Corporate Affairs within the prescribed timeline.

Particular Details
Auditor Name M/s. R. B. Gohil & Co.
Effective Date August 31, 2026
Reason Pre-occupations with other assignments
Appointment Date September 30, 2024
Scheduled Expiry September 29, 2029

Regulatory Compliance

Gujarat Peanut & Agri Products disclosed the event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes annexures detailing the resignation letter and required regulatory information as per SEBI circulars dated September 9, 2015, October 18, 2019, and July 13, 2023.

The company’s managing director, Sagar Arunkumar Chag, signed the intimation to the Bombay Stock Exchange Limited. The firm confirmed that no management-imposed limitations or lack of information impacted the audit process.

Historical Stock Returns for Gujarat Peanut And Agri Products

1 Day5 Days1 Month6 Months1 Year5 Years
+11.88%0.0%+8.20%-7.47%0.0%0.0%

Which audit firm has been shortlisted or appointed as the replacement statutory auditor for Gujarat Peanut & Agri Products?

Will the early resignation of the auditor trigger any additional compliance reviews or regulatory scrutiny from SEBI or the Ministry of Corporate Affairs?

How might the change in auditors impact the timeline for the upcoming financial year's audit and subsequent AGM schedule?

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