Pajson Agro India Ltd accepts auditor resignation effective June 19, 2026

1 min read     Updated on 20 Jun 2026, 03:06 PM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

Pajson Agro India Ltd accepted the resignation of M/s P.K. Maheshwari & Co. as statutory auditors effective June 19, 2026, following the engagement partner's decision to surrender his Certificate of Practice. The Board confirmed no disputes or concerns with the management led to the resignation and will initiate steps to appoint a new auditor.

powered bylight_fuzz_icon
43493258

*this image is generated using AI for illustrative purposes only.

Pajson Agro India Ltd has accepted the resignation of M/s P.K. Maheshwari & Co. as its statutory auditor, effective June 19, 2026. The Board of Directors approved the decision on June 20, 2026, based on the recommendation of the Audit Committee. The resignation follows the engagement partner, CA Gunjan Audichya, surrendering his Certificate of Practice, with the remaining partners unable to assume the engagement due to existing professional commitments and resource constraints. The firm confirmed there are no disputes or disagreements with the management or those charged with governance.

The Audit Committee reviewed the detailed reasons provided by the auditor and confirmed no circumstances connected with the resignation need to be brought to the attention of shareholders or creditors. The Board placed on record its appreciation of M/s P.K. Maheshwari & Co. for their contribution to the company. The firm was originally appointed at the 4th Annual General Meeting held on August 20, 2025, for a term of five financial years ending March 31, 2030.

Auditor Resignation Details

Particulars Details
Name of Auditor M/s P.K. Maheshwari & Co.
Firm Registration No. 000977N
Effective Date of Resignation 19.06.2026
Reason for Resignation Engagement partner surrendering Certificate of Practice; resource constraints
Date of Appointment 20 August 2025
Term End Date Conclusion of 9th Annual General Meeting

The resignation is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it will initiate the necessary steps for the appointment of a new statutory auditor to complete all applicable statutory compliances under the Companies Act, 2013.

Historical Stock Returns for Pajson Agro

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-6.15%-1.08%+40.55%+40.55%+40.55%

Who will Pajson Agro India Ltd appoint as the new statutory auditor to fill the vacancy?

How will the transition to a new auditor impact the timeline for the upcoming financial audit?

Will the company seek shareholder approval for the new appointment at the next Annual General Meeting?

Pajson Agro India Ltd secures Rs 27.50 cr credit facility

1 min read     Updated on 19 Jun 2026, 08:29 PM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

Pajson Agro India Ltd secured an enhanced credit facility of Rs 27.50 crore from Kotak Mahindra Bank Ltd on March 31, 2026. The facility includes Rs 7.50 crore for working capital and Rs 20 crore as a term loan, secured against the company's current and fixed assets.

powered bylight_fuzz_icon
43426745

*this image is generated using AI for illustrative purposes only.

Pajson Agro India Ltd has secured an enhanced credit facility of Rs 27.50 crore from Kotak Mahindra Bank Ltd to support its financial requirements. The total facility comprises a working capital demand loan and letter of credit worth Rs 7.50 crore, alongside a term loan of Rs 20.00 crore. The company entered into the agreement with the lender on March 31, 2026.

Credit Facility Details

The credit facility is structured into two distinct components catering to different financial needs. The working capital portion carries a tenure of 90 days, while the term loan is set for a duration of 84 months. The sanction for these facilities was issued by Kotak Mahindra Bank Ltd on March 31, 2026.

Particulars Amount (in cr.)
Working Capital Demand Loan / Letter of Credit 7.50
Term Loan 20.00
Total Enhancement 27.50

Security and Lender Details

The agreement is classified as a secured facility. Pajson Agro India Ltd has provided a first and exclusive charge by way of hypothecation on all existing and future current assets. Additionally, the company has pledged all existing and future moveable fixed assets, specifically plant and machinery, in favour of Kotak Mahindra Bank Ltd as security for the repayment of the financial facilities.

The disclosure was made to the BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Roopal Saxena, Compliance Officer & Company Secretary, signed the intimation on June 19, 2026.

Historical Stock Returns for Pajson Agro

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-6.15%-1.08%+40.55%+40.55%+40.55%

How does Pajson Agro India Ltd plan to utilize the Rs 20.00 crore term loan to drive long-term growth?

What impact will this enhanced credit facility have on the company's leverage ratios and overall financial health?

Will the new working capital facility be sufficient to cover seasonal fluctuations in the agro-business cycle?

More News on Pajson Agro

1 Year Returns:+40.55%