Mega Nirman & Industries Limited , a Delhi-based company, has announced the resignation of its statutory auditor, ANSK Associates, Chartered Accountants, effective November 14, 2025. The resignation comes as a result of health issues that prevent the auditor from effectively discharging their professional responsibilities.

Key Details of the Auditor Resignation

Company's Response and Next Steps

Mega Nirman & Industries Limited has acknowledged the auditor's resignation and is currently in the process of identifying and appointing a new statutory auditor. The company has stated that it will inform the stock exchange about the new appointment in due course.

Regulatory Compliance

In compliance with regulatory requirements, Mega Nirman & Industries Limited has made the necessary disclosures to the BSE Limited (Bombay Stock Exchange) as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided additional details in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Impact on Financial Reporting

The immediate impact of this change on the company's financial reporting process is not specified in the announcement. However, it is standard practice for companies to ensure a smooth transition between auditors to maintain the integrity and continuity of financial oversight.

Investors and stakeholders of Mega Nirman & Industries Limited should await further updates regarding the appointment of a new statutory auditor, which will be important for the company's ongoing financial transparency and compliance with regulatory standards.

Mega Nirman & Industries Limited (MNIL) announced the resignation of its statutory auditor, ANSK & Associates, Chartered Accountants, effective November 14, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on November 15, 2025, in compliance with SEBI regulations.

Key Details of the Resignation

Implications and Next Steps

The departure of ANSK & Associates may temporarily impact MNIL's financial reporting processes. However, the company has assured stakeholders that it is actively working to address this situation:

1. Appointment Process: MNIL is currently in the process of identifying and appointing a new statutory auditor.
2. Disclosure Commitment: The company has committed to informing the stock exchanges about the new appointment in due course.
3. Regulatory Compliance: The resignation announcement adheres to SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and the recent SEBI circular dated November 11, 2024.

Corporate Governance Implications

This change in statutory auditor highlights the importance of robust corporate governance practices:

1. Transparency: MNIL's prompt disclosure of the auditor's resignation demonstrates commitment to transparency.
2. Continuity Planning: The situation underscores the need for companies to have contingency plans for key roles like statutory auditors.
3. Regulatory Adherence: The company's adherence to SEBI regulations in this matter reflects positively on its compliance practices.

Investors and stakeholders will likely be watching closely for announcements regarding the appointment of a new statutory auditor and any potential impact on the company's financial reporting timeline.

As the situation develops, Mega Nirman & Industries is expected to provide further updates to ensure continued transparency and compliance with regulatory requirements.