<h1>Photoquip India Ltd Mutually Terminates Internal Auditor Engagement</h1>
Photoquip India Ltd has confirmed the mutual termination of its engagement with R. C. Jain & Associates LLP, Chartered Accountants, who served as the company's internal auditors. The decision follows mutual discussions and understanding between the Company and the audit firm regarding the ongoing service commitment.
The Board of Directors accepted the outcome of this meeting, noting that the engagement was completed by mutual consent and is not on account of any dispute or disagreement concerning services rendered by either party.
R. C. Jain & Associates LLP had previously been appointed to serve as the Internal Auditors for Photoquip India Ltd. The firm successfully concluded its audit assignment for the financial year 2025-26. Subsequently, the engagement was mutually agreed upon for discontinuation for the remaining tenure, effective from July 20, 2026.
Key details regarding the internal audit engagement and termination are as follows:
| Detail | Information |
|---|---|
| Auditor Name | R. C. Jain & Associates LLP, Chartered Accountants |
| Category of Engagement | Internal Auditor |
| Reason for Change | Mutual termination following discussions and understanding between Photoquip India Ltd and the Internal Auditor |
| Cessation Date | July 20, 2026 |
| Dispute Disclosure | The cessation is by mutual consent and no dispute or disagreement exists. |
The company noted that the auditors completed the audit for FY 2025-26 and mutually agreed to discontinue the engagement for subsequent financial years. The termination process confirmed that all steps were taken amicably, with both parties concurring on the cessation of the relationship.
Stock Price Movement
Photoquip India Ltd settled at ₹13.92 after closing trade on Thursday, reflecting a 0.50% decline in share price. The stock experienced zero intraday volatility, as its trading range remained completely locked at the final rate of ₹13.92.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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