Patanjali Foods Limited has received an intimation from Chaturvedi & Shah LLP, Chartered Accountants, regarding their intention to resign as statutory auditors of the company. This development was communicated to BSE and NSE on October 9, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation stems from a dispute over audit fees. Chaturvedi & Shah LLP cited that the proposed reduction in audit remuneration is disproportionate to the audit efforts and responsibilities, making it difficult for them to continue their tenure. The firm highlighted that this decision follows discussions with the company’s management and emails exchanged in September 2025 regarding the revised fees.

Chaturvedi & Shah LLP has served as statutory auditors for a second term starting from the conclusion of the 36th Annual General Meeting held on September 29, 2022, with the tenure set to continue for five consecutive years until the 41st Annual General Meeting. During their tenure, they issued the audit report for FY 2024–25 and the limited review report for Q1 FY 2025–26. They also agreed to provide necessary assistance and information to ensure smooth transition and compliance as required by SEBI.

In the event of their resignation, M/s. Walker Chandiok & Co. LLP, Chartered Accountants, will continue to serve as statutory auditors, ensuring continuity in auditing and financial reporting. Patanjali Foods has stated that it will disclose the formal date of resignation upon receipt of the official resignation letter from Chaturvedi & Shah LLP.

The company has complied with SEBI circulars issued on November 11, 2024, and October 18, 2019, ensuring that all regulatory disclosures related to auditor changes are properly submitted to the stock exchanges. This step maintains transparency and corporate governance standards for shareholders and investors.

The resignation highlights the challenges companies and auditors face regarding audit fee negotiations, workload expectations, and professional standards. Chaturvedi & Shah LLP’s decision underscores the importance of aligning remuneration with the scope of work to ensure ethical and effective auditing.

Investors and stakeholders can expect Patanjali Foods to continue regular financial reporting and compliance without disruption, as Walker Chandiok & Co. LLP will maintain audit functions during the transition period. The company is also expected to address any procedural requirements mandated by SEBI following the resignation.f

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