Ashoka Refineries Auditor Resignation Update

Statutory Auditor: M/s. Batra Deepak & Associates (Firm Registration No. 005408C)
Effective Date: September 1, 2026

Reader Takeaway: The auditor resigned due to pre-occupation, confirming no management disputes or evidence suppression occurred.

What just happened

Ashoka Refineries Limited has notified the exchange that its statutory auditor, Batra Deepak & Associates, has officially resigned. The resignation is scheduled to take effect on September 1, 2026. The audit firm indicated that its decision stems from pre-occupation with other professional commitments.

Why this matters

An auditor resignation is considered a significant corporate governance event for any BSE-listed entity. To reassure shareholders, the firm provided formal declarations confirming there are no disputes between the auditor and management. They further clarified that the resignation was not prompted by an inability to access information or audit evidence, nor was there any suppression of data by the company.

What changes now

To maintain regulatory continuity, the exiting firm has committed to completing the Limited Review Report for the quarter and half-year ending September 30, 2026. This process adheres to the reporting standards mandated by SEBI circulars, ensuring that the upcoming financial results remain audited by the departing firm.

What to track next

Investors should look for future exchange filings regarding the nomination and appointment of a successor statutory auditor. Ensuring a smooth transition to a new firm will be key to maintaining robust financial oversight for the company.