Aten Papers & Foam Limited , a company specializing in paper and foam products, announced that its statutory auditor, M/s. Milind Niyati Co. LLP, has resigned effective November 14, 2025. The resignation comes amidst a backdrop of increasing workload for the auditing firm.

Reasons for Resignation

The primary reason cited for the resignation is the auditor's preoccupation with other work assignments. This decision highlights the growing demands on auditing firms and the need for careful management of client portfolios.

Completion of Current Obligations

Despite the resignation, M/s. Milind Niyati Co. LLP has fulfilled its immediate responsibilities to Aten Papers & Foam Limited. The firm completed and submitted the limited review report for the half year ended September 2025 before tendering its resignation.

Clean Exit

It's noteworthy that the departing auditor raised no concerns regarding the company's management in their resignation. This suggests an amicable separation and indicates that there were no outstanding issues or disagreements between the auditor and the company's management at the time of departure.

Implications for the Company

Aten Papers & Foam Limited will now need to appoint a new statutory auditor to ensure continued compliance with regulatory requirements. This change in auditors may bring a fresh perspective to the company's financial reporting processes.

Looking Ahead

As the company navigates this transition, stakeholders will be keen to see how smoothly Aten Papers & Foam Limited manages the change in auditors and whether there will be any impact on its financial reporting timelines or processes.

The resignation of a statutory auditor, while not uncommon, is always a significant event for a publicly listed company. It will be important for Aten Papers & Foam Limited to manage this transition effectively to maintain investor confidence and ensure continuity in its financial reporting obligations.

Aten Papers & Foam Limited announced the resignation of its Chief Financial Officer (CFO), Mr. Aejazkhan Haamedkhan Pathan, effective October 13, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) in compliance with SEBI regulations.

Resignation Details

Mr. Pathan's departure from the CFO position was attributed to pre-occupation elsewhere, as stated in his resignation letter. The company confirmed that there were no other material reasons for his resignation beyond those provided in the letter.

Key Information

Company Statement

In his resignation letter, Mr. Pathan expressed gratitude to the Board of Directors for his appointment and stated that he was happy to serve as CFO. He also mentioned extending his support for the benefit of the company during his tenure.

The company's Managing Director, Mr. Mohamedarif Mohamedibrahim Lakhani, signed the regulatory filing, confirming the receipt of Mr. Pathan's resignation and the absence of any additional material reasons for his departure.

Regulatory Compliance

This announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III to the said Regulations. The company provided all necessary details as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

Aten Papers & Foam Limited, headquartered in Ahmedabad, Gujarat, is listed on the BSE. The company has not yet announced a successor for the CFO position.