Grand Foundry Limited: Statutory and Internal Auditors Resign
Grand Foundry Limited announced the resignation of its Statutory Auditors, M/s Ashwani & Associates, and Internal Auditors, M/s Ajay Kanjhlia & Associates. Both resignations are effective from January 6, 2026, due to pre-occupation with other assignments.
The resignation of auditors can impact investor confidence and may lead to scrutiny regarding the reasons for their departure and the appointment of new auditors.
The resignation of both statutory and internal auditors is a significant event that can raise concerns about the company's financial reporting and governance.
Grand Foundry Limited has announced the resignation of both its Statutory Auditors, M/s Ashwani & Associates, and its Internal Auditors, M/s Ajay Kanjhlia & Associates. Both resignations were effective immediately from the close of business hours on January 6, 2026. The auditors cited pre-occupation with other assignments as the reason for their departure.
M/s Ajay Kanjhlia & Associates, Chartered Accountants (FRN 007719N), had been appointed as the Internal Auditors for the Financial Year 2025-26. Their resignation letter was dated January 6, 2026. Similarly, M/s Ashwani & Associates, Chartered Accountants (FRN 000497N), also resigned as Statutory Auditors for the same financial year, with their resignation also dated January 6, 2026.
The company has provided the necessary details as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the reasons for the change and the effective dates of resignation.
What to do with a filing like this
Grand Foundry 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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Grand Foundry Limited. Read the original for the full detail.