Betex India Limited's Statutory Auditor C P Jaria & Co. Resigns Citing Pre-occupation

1 min read Updated on 02 Aug 2025, 05:46 PM

Reviewed by

Suketu GalaScanX News Team

Overview

M/s. C P Jaria & Co., Chartered Accountants, has resigned as the statutory auditor of Betex India Limited, effective August 14, 2025. The auditing firm cited pre-occupation with other assignments as the reason for their resignation. Betex India Limited has informed BSE Limited about this change in compliance with SEBI regulations. The company has not yet announced the appointment of a new statutory auditor.

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Betex India Limited announced a significant change in its auditing arrangements as its statutory auditor, M/s. C P Jaria & Co., Chartered Accountants, has tendered their resignation. The auditing firm, which holds the Firm Registration Number 104058W, will step down from their role effective August 14, 2025.

Reasons for Resignation

In a formal letter dated August 2, 2025, C P Jaria & Co. cited pre-occupation with other assignments as the primary reason for their inability to continue serving as Betex India Limited's statutory auditor. The resignation letter, signed by CA Pankaj Kumar Jain, a partner at the firm, stated that due to commitments to other engagements, they would not be able to devote sufficient time to the affairs of the company.

Regulatory Compliance

In adherence to regulatory requirements, Betex India Limited promptly informed the BSE Limited about this change. The company's disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read in conjunction with Part-A of Schedule III of the said regulations.

Details of the Resignation

Item	Detail
Auditor	M/s. C P Jaria & Co., Chartered Accountants (FRN No.: 104058W)
Effective Date of Resignation	August 14, 2025
Reason	Inability to continue due to pre-occupation with other assignments

Company's Response

Swati Somani, the Company Secretary & Compliance Officer of Betex India Limited, acknowledged the receipt of the resignation letter. The company has enclosed the auditor's resignation letter along with Annexure A of the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023, in their communication to the stock exchange.

Next Steps

While the current announcement focuses on the resignation of C P Jaria & Co., Betex India Limited has not yet disclosed information regarding the appointment of a new statutory auditor. Shareholders and investors will likely be keen to learn about the company's plans to fill this crucial role in the coming weeks.

The resignation of a statutory auditor is a significant event for any publicly listed company. Betex India Limited will need to appoint a new auditor to ensure continued compliance with regulatory requirements and to maintain transparency in its financial reporting processes.

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