Patanjali Foods' auditor to resign over fee disagreement
Patanjali Foods Limited (PFL) has informed stock exchanges about the intention of Chaturvedi & Shah LLP, chartered accountants, to resign as the company’s statutory auditor. The notification, dated October 9, 2025, follows a letter from Chaturvedi & Shah LLP on October 8, 2025, outlining their decision.
The resignation stems from a disagreement over audit fees, as Chaturvedi & Shah LLP deemed the revised proposed fees "disproportionate to our audit efforts." The firm had been appointed for a second five-year term starting from the 36th Annual General Meeting on September 29, 2022, and has issued audit reports for the year ended March 31, 2025, and the quarter ended June 30, 2025. They also expect to issue a Limited Review Report for the quarter ended September 30, 2025.
In the event of Chaturvedi & Shah LLP's resignation, Walker Chandiok & Co. LLP, chartered accountants, will continue to serve as the statutory auditors for Patanjali Foods. The company awaits the formal resignation letter to disclose the exact date of cessation.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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