D. P. Abhushan auditor Jeevan Jagetiya & Co resigns, cites time constraints
D. P. Abhushan Limited said in a filing with the National Stock Exchange that its statutory auditor, Jeevan Jagetiya & Co, resigned on 10 November 2026, citing other assignments.
Key points
- D. P. Abhushan Limited told the National Stock Exchange that its statutory auditor, Jeevan Jagetiya & Co, has resigned.
- The resignation took effect on 10 November 2026, and the auditor's letter cites its other professional assignments as the reason.
- The auditor said it had completed its limited review of the September 2026 quarter results, and the filing names no replacement yet.
Photo: Breather breather / Wikimedia Commons, CC0 1.0 (cropped). Representational image.
D. P. Abhushan Limited said in a filing with the National Stock Exchange on 10 November 2026 that its statutory auditor, Jeevan Jagetiya & Co, Chartered Accountants, Ahmedabad, has resigned with effect from the same day. The auditor's resignation letter gives its workload as the reason. The company is listed outside the Nifty 500.
What Happened
The company disclosed the resignation under Regulation 30 of the SEBI listing rules, which require listed companies to tell the exchanges about material events. In its filing, D. P. Abhushan said the audit firm "tendered their resignation with effect from November 10, 2026" for the reasons given in the firm's letter.
The firm was appointed as statutory auditor by shareholders at the company's sixth Annual General Meeting on 30 September 2023. Its term was to run until the conclusion of the company's tenth Annual General Meeting, so it has stepped down before the term ended.
The resignation letter, dated 10 November 2026, says the firm is "engaged in several new professional assignments requiring substantial time, resources and attention" and is "unable to continue to devote the requisite time and attention" to its duties as statutory auditor.
The firm also said it completed the limited review of the company's unaudited financial results for the quarter and half year ended 30 September 2026, and issued its Limited Review Report on 6 November 2026. A limited review is a lighter check than a full audit. The firm said it will file Form ADT-3, the notice of an auditor's resignation, with the Registrar of Companies.
In the standard questionnaire attached to the letter, the auditor answered "Not Applicable" to questions on whether it could not obtain enough audit evidence because of management limits. It listed "None" under any other facts relevant to the resignation, and confirmed that there is no other material reason for the resignation than those it gave.
What It Means
An auditor's resignation is disclosed as a company event, not a finding of wrongdoing. Here, both the company's filing and the auditor's letter put the reason as the firm's other work, and the auditor reported no concerns or limits on the information it received.
The filing does not say who will replace the firm as statutory auditor. Shareholders and other readers who follow the company can watch for a further disclosure to the exchanges on a new appointment.
The resignation does not change the results the company reported for the September 2026 quarter, which the same firm reviewed before it stepped down. Readers can read the full filing on the National Stock Exchange's website, and can raise complaints about a listed company through SEBI's SCORES portal at https://scores.sebi.gov.in.
Oquilia Data: D. P. Abhushan Ltd. (NSE: DPABHUSHAN)
| Close, 9 Nov 2026 | Rs 1,880.80 (−2.18% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −20.43% / +30.30% / +70.12% / +31.76% / +25.43% |
| Against Nifty 50, 1M / 3M / YTD | −31.64 / +28.37 / +35.92 points |
| 52-week closing high / low | Rs 2,437.80 (14 Oct 2026) / Rs 887.50 (11 Jun 2026) |
| Turnover, 20-session average | Rs 13.08 cr; 36.1% delivered; latest volume 0.2x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India