VKAN & Associates Resign as Statutory Auditors of Coretec Engineering India Private Limited
M/s V K A N & Associates, Chartered Accountants, has tendered their resignation as the Statutory Auditors of Coretec Engineering India Private Limited, a material subsidiary of Yuken India Ltd. The resignation is effective from the close of business hours on June 2, 2026.The firm cited pre-occupation and professional responsibilities in other fields as the reason for the resignation. M/s V K A N & Associates stated that they were unable to devote the requisite time, manpower, and resources necessary to continue discharging their duties as Statutory Auditors for the ensuing financial year 2026-27 and the remainder of their tenure.
Coretec Engineering India Private Limited, which is a material subsidiary of Yuken India Ltd., engaged M/s V K A N & Associates as statutory auditors at its 26th Annual General Meeting held on September 3, 2024.
The appointment details and associated audit history are summarized below:
| Particular | Details |
|---|---|
| Material Subsidiary | Coretec Engineering India Private Limited (Subsidiary of Yuken India Limited) |
| Auditing Firm | M/s V K A N & Associates, Chartered Accountants (ICAI Firm Registration No. 014226S) |
| Date of Appointment | September 03, 2024 (Appointed at the 26th Annual General Meeting) |
| Scheduled Expiry Date | Conclusion of the 31st Annual General Meeting of the Company for the financial year 2028-29 |
| Latest Audit Report | Independent Auditor's Report on the Financial Statements for the year ended March 31, 2026, dated May 18, 2026 |
V K A N & Associates confirmed that their resignation is solely due to pre-occupation and is not attributable to any concerns regarding the affairs, financial position, internal controls, governance, or management of Coretec Engineering India Private Limited.
The auditors stated that they had concluded the statutory audit for the financial year ended March 31, 2026, in order to allow the company adequate time to identify and appoint a successor statutory auditor for the ensuing financial year.
YUKEN Stock Price Movement
As of 9:19 AM in live trading, Yuken India Limited shares are slipping by 0.49% to ₹675.35, as the stock trades near its intraday low of ₹675.00. The equity has shed ₹3.35 today from the previous close despite volatility seen earlier in the morning 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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