Nikita Greentech Recycling's Internal Auditor Resigns Effective May 08, 2026
Nikita Greentech Recycling Limited disclosed the resignation of its Internal Auditor, M/s. Arora Vikas And Associates (FRN 017300C, ICAI Membership No. 413859), effective May 08, 2026, due to pre-occupation with other professional assignments. The filing, made under Regulation 30 of SEBI (LODR) Regulations, 2015, was signed by Company Secretary Divam Mittal on May 09, 2026. The company has initiated the process to identify a suitable replacement and will notify the stock exchanges upon appointment.
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Nikita Greentech Recycling Limited (formerly known as Nikita Papers Limited) has informed the stock exchanges of a change in its Internal Auditor, pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). The intimation was filed on May 09, 2026, and signed by Divam Mittal, Company Secretary & Compliance Officer.
Resignation of Internal Auditor
M/s. Arora Vikas And Associates, Chartered Accountants, holding ICAI Membership No. 413859 and Firm Registration Number (FRN) 017300C, has tendered its resignation from the position of Internal Auditor of the company. The resignation is effective from the close of business hours on Friday, May 08, 2026. The firm cited pre-occupation and engagement in other professional assignments as the reason for its inability to continue conducting the internal audit effectively.
The key details of the resignation, as disclosed pursuant to SEBI regulations, are summarised below:
| Parameter: | Details |
|---|---|
| Firm Name: | M/s. Arora Vikas And Associates, Chartered Accountants |
| FRN: | 017300C |
| ICAI Membership No.: | 413859 |
| Reason for Change: | Resignation — pre-occupation and engagement in other professional assignments |
| Effective Date of Cessation: | May 08, 2026 (close of business hours) |
| Shares Held in Company: | NIL |
Disclosure Under SEBI Regulations
The disclosure has been made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023 and last updated on January 30, 2026. As this is a resignation and not an appointment, disclosures pertaining to brief profile, directorship in other listed entities, and relationship between directors have been marked as Not Applicable.
In its resignation letter dated May 08, 2026, M/s. Arora Vikas And Associates formally requested the Board of Directors of Nikita Greentech Recycling to accept the resignation and relieve the firm from the position. The letter was signed by CA Vikas Arora, Partner, from Muzaffarnagar, Uttar Pradesh.
Replacement Process Underway
Nikita Greentech Recycling has stated that it has initiated the process of identifying a suitable replacement for the Internal Auditor position. The company has committed to informing the stock exchanges upon the appointment of a new Internal Auditor. The above information has also been made available on the company's website at www.nikitagreentechrecycling.com .
Historical Stock Returns for Nikita Greentech Recycling
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.31% | -19.63% | -23.06% | -27.00% | -3.15% | -3.15% |
How might the temporary absence of an internal auditor affect Nikita Greentech Recycling's compliance posture and upcoming financial reporting obligations?
Could the timing of this resignation, shortly after the company's rebranding from Nikita Papers to Nikita Greentech Recycling, signal deeper organizational or governance challenges?
What criteria is Nikita Greentech Recycling likely to prioritize when selecting a replacement internal auditor, given its transition into the greentech recycling sector?
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