M Tek Copper Limited Clarifies Statutory Auditor Resignation Date
M TEK COPPER LIMITED, formerly known as Madhav Copper Limited, has clarified a clerical error related to the resignation of its statutory auditor, M/s P G Hemani & Co. The company issued a revised intimation confirming that the effective date of the auditor's cessation is August 13, 2026.The correction pertains to an inadvertent clerical or typographical error in the initial resignation letter submitted by the audit firm. All other details regarding the audit relationship and the grounds for resignation remain consistent with the previous submissions.
M/s P G Hemani & Co. resigned from the position of statutory Auditors due to professional preoccupation elsewhere. The auditor’s term commenced on July 29, 2025, with a scheduled term extending until the conclusion of the company's Annual General Meeting (AGM) in the year 2030.
The firm confirmed that it completed the audit of standalone financial statements for the year ended March 31, 2026, and submitted its report on May 27, 2026.
Key details regarding the auditor and their relationship with M TEK Copper Limited include:
| Particulars | Details |
|---|---|
| Auditor Name | M/s P G Hemani & Co. |
| Reason for Change | Resignation (professional preoccupation elsewhere) |
| Date of Cessation | August 13, 2026 |
| Appointment Date | July 29, 2025 |
| Latest Audit Report Submission Date | May 27, 2026 |
MCL Stock Price Movement
As of 12:00 PM, shares of M TEK COPPER LIMITED are rallying up to ₹58.98 in live trading, climbing 2.45% this morning. The stock currently trades within a strong intraday band, having seen a low of ₹57.00 and reaching a high of ₹60.46.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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