Pankaj Polymers auditor resigns due to prior commitments

1 min read     Updated on 29 May 2026, 10:36 PM
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Pankaj Polymers Limited's statutory auditor, M/s. Luharuka & Associates, resigned effective May 29, 2026, citing pre-occupation and prior commitments. The auditor confirmed there were no material reasons for the resignation or concerns regarding the company's management. The Board will consider appointing a new statutory auditor to fill the casual vacancy in due course.

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Pankaj Polymers Limited's statutory auditor, M/s. Luharuka & Associates, resigned effective May 29, 2026, citing pre-occupation and prior commitments. The firm confirmed there were no material reasons for the resignation or concerns regarding the company's management. The Board will consider appointing a new statutory auditor to fill the casual vacancy caused by this departure.

The resignation was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Luharuka & Associates was appointed for the financial year 2024-2025, with a term scheduled to expire until the financial year 2028-2029. The latest audit conducted by the firm was for the year ended March 31, 2026, with the report signed on April 30, 2026.

Auditor Details

The filing provided specific details regarding the outgoing auditor and the nature of the resignation. The company confirmed that no deliberation by the Audit Committee was required as no concerns were raised by the resigning auditor.

Particulars Information
Name M/s. Luharuka & Associates, Chartered Accountants
Partner Name Naveen Lohia
Address 5-4-187/3&4, 2nd Floor, Soham Mansion, M.G Road, Ranigunj, Secunderabad-500003
Reason for Resignation Due to pre-occupation and prior commitments
Date of Resignation May 29, 2026

The company stated that the information provided in the letter and its attachments is correct and complete. The Board will notify the exchanges once a new statutory auditor is appointed to fill the vacancy.

Historical Stock Returns for Pankaj Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.46%+4.96%+6.97%+266.85%+331.03%+1,345.40%

What criteria will the Board use to select the successor auditor to ensure a smooth transition before the next fiscal year?

How might the change in auditor impact the timeline for the release of upcoming financial results?

Will the new auditor be required to re-audit any financial statements previously signed by M/s. Luharuka & Associates?

Pankaj Polymers announces new promoters after stake sale

1 min read     Updated on 28 May 2026, 01:07 PM
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Pankaj Polymers Limited disclosed a change in its promoter group following a Share Purchase Agreement. Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mr. Himanshu Arora have become promoters, acquiring a combined 58.14% stake. The company informed BSE on May 28, 2026, complying with SEBI regulations.

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Pankaj Polymers Limited has announced a change in its promoter group following the acquisition of shares by four individuals pursuant to a Share Purchase Agreement dated January 14, 2026. The company received disclosures from Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mr. Himanshu Arora confirming they have become promoters of the company. These disclosures were submitted in accordance with Regulation 7(1)(b) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

New Promoter Shareholding

The new promoters acquired their shareholdings on May 25, 2026. The aggregate acquisition by the four individuals results in a significant change in the company's ownership structure. The details of the securities held by the new promoters are outlined below:

Promoter Name Shares Held % of Shareholding Date of Becoming Promoter
Mr. Sandeep Jain 7,23,658 13.05% May 25, 2026
Mr. Vikas Garg 11,25,000 20.29% May 25, 2026
Mr. Rahul Nagar 11,25,000 20.29% May 25, 2026
Mr. Himanshu Arora 2,50,000 4.51% May 25, 2026

Regulatory Compliance

The company intimated the Bombay Stock Exchange Limited regarding this change in promoters on May 28, 2026. The necessary disclosures were submitted in the prescribed Form B. The registered office of Pankaj Polymers Limited is located in Secunderabad, Telangana.

Historical Stock Returns for Pankaj Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.46%+4.96%+6.97%+266.85%+331.03%+1,345.40%

What strategic changes or new business directions can be expected under the new promoter group?

How will the market react to the significant shift in the company's ownership structure?

Are there potential mergers, acquisitions, or partnerships on the horizon as a result of this change?

More News on Pankaj Polymers

1 Year Returns:+331.03%