Laxmi Cotspin Limited: Statutory Auditors D M K H & Co. Resign
D M K H & Co., Chartered Accountants, have resigned as statutory auditors of Laxmi Cotspin Limited due to other commitments. They had been appointed on May 27th, 2022, and their term was set to end in 2027. Their latest audit report for FY26 was issued on May 22nd, 2026.
The resignation of statutory auditors necessitates the appointment of new auditors, which can involve a transition period and potential scrutiny. This is a material event for corporate governance.
The resignation of statutory auditors is a routine event and does not inherently indicate positive or negative performance of the company. The auditors cited other commitments, which is a common reason for such resignations.
D M K H & Co., Chartered Accountants, have submitted their resignation as the statutory auditors of Laxmi Cotspin Limited. The firm cited "other occupancy and commitments" as the reason for their inability to continue in the role.
D M K H & Co. had been associated with Laxmi Cotspin Limited since May 27th, 2022, and their term was scheduled to conclude at the company's Annual General Meeting in 2027. They have completed the statutory audit for the financial year 2025-26, issuing their audit report on May 22nd, 2026. They also issued a limited review report for the quarter ended March 31st, 2026, on the same date.
The resignation is in accordance with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18th, 2019. The auditors confirmed that there are no other material reasons for their resignation beyond those stated.
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Laxmi Cotspin 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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