Auditor Resigns from Simbhaoli Power Private Limited Following Engagement Evaluation
Simbhaoli Sugars Limited has received notification regarding the resignation of the Statutory Auditor of its subsidiary, Simbhaoli Power Private Limited (SPPL). The firm M S K A & Associates LLP submitted its resignation in relation to the financial year 2026-27.The audit firm had been appointed as the Statutory Auditors for SPPL since December 30, 2022, with a scheduled term extending until the conclusion of the financial year 2026-27. M S K A & Associates LLP communicated its intention to resign on May 11, 2026.
The resignation was tendered after the firm evaluated criteria related to client engagement continuance. The auditor stated that following their evaluation, they would be unable to continue as Statutory Auditors for the Financial Year 2026-27.
M S K A & Associates LLP confirmed that they had completed the audit of SPPL's financial statements for the Financial Year 2025-26 and subsequently issued a Disclaimer of Opinion audit report on May 29, 2026.
Key details regarding the resignation include:
| Detail | Information |
|---|---|
| Subsidiary | Simbhaoli Power Private Limited (SPPL) |
| Auditor Resigning | M S K A & Associates LLP |
| Appointment Date | December 30, 2022 |
| Resignation Reason | Firm evaluation concluded they could not continue as Statutory Auditors for FY 2026-27. |
| Previous Audit Report Status | Disclaimer of Opinion (for FY ended March 31, 2026) |
The resignation was formalized by the firm, M S K A & Associates LLP, on May 29, 2026.
SIMBHALS Stock Price Movement
Shares of Simbhaoli Sugars Limited settled today at ₹6.70, closing in line with its intraday performance. The stock saw heavy trading volume of 52,224 shares as it dipped to reach its 52-week low of ₹6.51 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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