Confidence Petroleum India Limited: Statutory Auditor L N J & Associates Resigns
Confidence Petroleum India Limited's joint Statutory Auditor, L N J & Associates, has resigned effective December 30, 2025. The firm cited personal and professional commitments. They were appointed on September 30, 2021, for a 5-year term. The resignation follows the issuance of the FY25 audit report and Q2 FY26 limited review report.
A change in statutory auditor can have a medium-term impact as a new auditor needs to familiarize themselves with the company's operations and financial statements. This could potentially lead to a temporary delay or scrutiny in future audits, although the announcement states no disputes exist.
The resignation of a statutory auditor is a routine corporate event. While it requires disclosure, it does not inherently indicate positive or negative performance or outlook for the company. The reasons provided are standard and do not suggest any underlying issues.
Confidence Petroleum India Limited has announced the resignation of its joint Statutory Auditor, L N J & Associates, Chartered Accountants (Firm Registration No. 135772W). The resignation was tendered vide a letter dated December 30, 2025, and is effective from the close of business hours on the same day.
L N J & Associates were appointed as Statutory Auditors for a period of 5 years at the 27th Annual General Meeting held on September 30, 2021. They have cited preoccupation with other personal and professional commitments as the reason for their resignation. The auditors have confirmed that there are no disputes with the management regarding the audit procedures and that they will be filing the ADT-3 form with the Registrar of Companies in due course.
As per regulatory requirements, the company has provided details regarding the resignation, including the name of the auditor, reasons for change, and the effective date. The auditors have also stated that they have issued the audit report for the financial year ended March 31, 2025, and the limited review report for the quarter ended September 30, 2025, on November 14, 2025.
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Confidence Petroleum India Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Confidence Petroleum India Limited. Read the original for the full detail.