Saumya Consultants Appoints KBDS & Co as Internal Auditor After ALPS & Co Resignation
Saumya Consultants Limited appointed KBDS & Co, Chartered Accountants as its new Internal Auditor for FY 2026-27 at a Board meeting on 13th May 2026, following the resignation of M/s. ALPS & Co (FRN: 313132). ALPS & Co cited other commitments and pre-occupation in the official intimation, while its resignation letter referenced fee sustainability concerns due to budgetary constraints. KBDS & Co is a peer-reviewed partnership firm with expertise in risk-based internal audit, due diligence, and assessment of Internal Finance Controls.
*this image is generated using AI for illustrative purposes only.
Saumya Consultants Limited announced a change in its Internal Auditor following a Board of Directors meeting held on 13th May 2026 at its registered office in Kolkata. The Board, in its meeting that commenced at 5:00 PM and concluded at 5:30 PM, approved the appointment of KBDS & Co, Chartered Accountants, as the new Internal Auditor of the Company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Change in Internal Auditor
The appointment of KBDS & Co follows the resignation of M/s. ALPS & Co (FRN: 313132), Chartered Accountants, as Internal Auditor of the Company with effect from 13th May 2026. The official intimation to the stock exchanges cited other commitments and pre-occupation as the reason for the resignation. Separately, in its resignation letter, ALPS & Co also noted fee sustainability concerns, stating that due to budgetary constraints, the company would be unable to increase their audit fees, making the present fee unsustainable given the time involved in conducting the audit. ALPS & Co had originally been appointed as Internal Auditor for FY 2026-27 at the Board of Directors meeting held on 17/04/2026.
Details of Appointment and Resignation
The following table summarises the key details of the Internal Auditor change as disclosed by the Company:
| Parameter: | Details |
|---|---|
| Outgoing Auditor: | M/s. ALPS & Co, Chartered Accountants (FRN: 313132) |
| Reason for Resignation: | Other commitments and pre-occupation; fee sustainability concerns due to budgetary constraints |
| Resignation Effective Date: | 13th May 2026 |
| Incoming Auditor: | KBDS & Co, Chartered Accountants |
| Date of Appointment: | 13th May 2026 |
| Applicable Period: | FY 2026-27 |
Profile of Incoming Auditor
KBDS & Co is a partnership firm and a peer-reviewed entity managed by CA Nirala Kumar Singh, Partner, along with others. The firm provides its clients with business solutions on a regular basis. Its practice areas include:
- Risk-based internal audit
- Due diligence and overview
- Assessment of Internal Finance Control
The intimation was signed by Arun Kumar Agarwalla, Managing Director (DIN: 00607272), on behalf of Saumya Consultants Limited.
Historical Stock Returns for Saumya Consultants
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.42% | 0.0% | -9.86% | -26.61% | -22.56% | +140.61% |
Could Saumya Consultants' budgetary constraints in audit fees signal broader cost-cutting measures that may impact other compliance and governance functions going forward?
How might the abrupt mid-appointment resignation of ALPS & Co — just weeks after being appointed for FY 2026-27 — affect investor confidence in Saumya Consultants' internal governance standards?
Will KBDS & Co's relatively smaller profile and recent appointment raise any concerns from SEBI or stock exchanges regarding the adequacy of internal audit oversight for FY 2026-27?
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