Mayur Leather Products statutory auditor Jain Paras Bilala & Co. resigns
Jain Paras Bilala & Co. resigns as statutory auditor of Mayur Leather Products Ltd effective August 13, 2026, citing internal engagement policy reviews. The firm confirmed no disagreements with management. The Board will appoint a successor to fill the casual vacancy, ensuring continuity of audit services for the company's financial reporting obligations.

*this image is generated using AI for illustrative purposes only.
Mayur Leather Products announced on August 08, 2026, that its statutory auditor, M/s. Jain Paras Bilala & Co., has tendered its resignation. The resignation is effective from the closure of business hours on August 13, 2026, or upon the approval of the company’s financial results for the quarter ended June 30, 2026, whichever is later. This development requires the company to appoint a new statutory auditor to ensure continuous audit coverage for upcoming financial periods.
The resignation was communicated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Jain Paras Bilala & Co., which holds Firm Registration No. 011046C, stated that the decision stems from a periodic review of its professional engagements and engagement continuance policy.
Resignation Details
The firm confirmed that there are no concerns regarding the management of the company and no material reasons for the resignation other than the internal policy review. Consequently, no deliberation by the Audit Committee is required, and their view on the resignation is not applicable. The intention to resign was communicated to the company on August 08, 2026.
| Particulars | Details |
|---|---|
| Resigning Auditor | M/s. Jain Paras Bilala & Co. (FRN: 011046C) |
| Effective Date | August 13, 2026 or post Q4 FY26 results approval |
| Reason | Periodic review of professional engagements |
| Concerns Raised | None |
Next Steps for Shareholders
The Audit Committee and the Board of Directors will consider the appointment of new statutory auditors in due course to fill the casual vacancy created by this resignation. The company will issue further intimation regarding the appointment once finalized. Until the effective date of resignation, Jain Paras Bilala & Co. will continue to discharge its statutory responsibilities, including issuing the Limited Review Report on the unaudited financial results for the quarter ended June 30, 2026.
The firm had previously issued its audit report dated May 28, 2026, on the Financial Statements for the year ended March 31, 2026. It was originally appointed for a term of five consecutive years at the 38th Annual General Meeting held on September 21, 2024, until the conclusion of the 43rd Annual General Meeting.
Historical Stock Returns for Mayur Leather Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.91% | +10.01% | +18.81% | +15.19% | +47.72% | +173.57% |
How might the transition to a new statutory auditor impact the timeline for Mayur Leather's upcoming quarterly and annual financial disclosures?
What criteria will the Audit Committee prioritize when selecting a replacement firm, and could this lead to changes in audit scope or methodology?
Could the resignation of Jain Paras Bilala & Co. signal broader shifts in the firm's client portfolio or risk management policies that affect other listed entities?

































