D. P. Abhushan says its statutory auditor resigned; new auditor named

D. P. Abhushan Limited said in a filing with the National Stock Exchange on 11 November 2026 that its statutory auditor, M/s. Jeevan Jagetiya & Co., Chartered Accountants, Ahmedabad, has resigned with effect from 10 November 2026. The company's board has appointed M/s. T R Chadha & Co. LLP as the replacement from 11 November 2026.

What Happened

The company said its board of directors, meeting on 11 November 2026, took note of and accepted the resignation of Jeevan Jagetiya & Co. as statutory auditors. The filing says the resignation letter, dated 10 November 2026, was submitted to the stock exchange on that day, and that the resignation was tendered "for the reasons stated in their resignation letter". The filing does not itself give those reasons.

The company said its audit committee met on 11 November 2026 and considered the reasons in the letter. According to the filing, the committee observed that the resignation was not indicative of any disagreement or dispute with the management in relation to the audit process, financial statements or any matter concerning the company's operations. The board and the committee recorded their appreciation of the outgoing auditors' services.

On the audit committee's recommendation, the board appointed T R Chadha & Co. LLP, Chartered Accountants, Ahmedabad, to fill the casual vacancy, that is, a vacancy that arises before the auditor's term ends. The company said the appointment was made under Section 139(8) of the Companies Act, 2013, and takes effect from 11 November 2026. It remains subject to the approval of shareholders at the next general meeting.

The filing describes the new firm as founded in 1946, with its registered office in New Delhi and offices in several cities, including Ahmedabad. It also says the firm is registered with the Institute of Chartered Accountants of India and several regulators. The board meeting began at 11.30 am and ended at 12.15 pm, the filing says.

What It Means

A statutory auditor checks a listed company's annual accounts and reports on them to shareholders. When an auditor leaves before the term ends, listed companies must tell the exchange and share the auditor's reasons, so that shareholders can judge the change for themselves.

The company has disclosed the resignation and the audit committee's view that it does not reflect a disagreement with management. This is the company's own account; the filing does not carry the auditor's letter, which the company says was sent to the exchange separately on 10 November 2026. Shareholders will have the chance to approve or reject the new appointment at the next general meeting.

Complaints against listed companies can be made at https://scores.sebi.gov.in.

Oquilia Data: D. P. Abhushan Ltd. (NSE: DPABHUSHAN)

Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.

Source: Company filing on NSE