Accounting And Audit 24 September 2026
Transgene Biotek Auditors Quit Over Workload
Transgene Biotek’s statutory auditor has resigned, stating that the growing workload made compliance with the Companies Act and SEBI LODR guidelines unsustainable. The resignation highlights increasing audit pressures in India’s fast‑growing market and may prompt the firm to seek a new auditor promptly.
Transgene Biotek announced that its statutory auditor stepped down, citing excessive workload.
- Auditor resignation driven by inability to meet Companies Act and SEBI LODR requirements.
- Raises concerns about audit capacity as Indian markets expand.
The company will need to appoint a new auditor quickly to stay compliant. Read full report.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.