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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Avance Technologies Ltd

Avance Technologies Ltd: Statutory Auditor M/s. Rishi Sekhri & Associates resigns effective 24 Apr 2026

MANAGEMENT ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 24 Apr 2026, 06:00 PM IST  ·  BSE ID: d8d74b19-4c7d-4fd7-b962-0c1786e70b88
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's auditor has resigned due to medical reasons and will be replaced by the Board.
🤖 AI Summary
  • M/s. Rishi Sekhri & Associates resigned as Statutory Auditor effective 24 April 2026
  • Resignation reason: Medical conditions and inability to perform statutory audit duties
  • Auditor was appointed for five-year term from FY 2022-23 to FY 2026-27
  • Board to appoint replacement auditor in due course and intimate Exchange
🔢 Key Numbers — exact figures from BSE filing, not rounded
Auditor Resignation Effective Date
24 April 2026
Auditor Appointment Period (Original)
FY 2022-23 to FY 2026-27 (5 years)
🏢 How This Affects the Company
💰
Financial Impact
Auditor change does not directly impact financials but may affect audit continuity and FY 2026-27 audit timeline pending new auditor appointment.
⚙️
Operational Impact
Internal audit function disrupted; replacement auditor must be identified and onboarded to maintain statutory compliance and financial reporting schedules.
⚠️
Risk Impact
Audit continuity risk until new auditor appointed. Delayed auditor appointment could affect timely financial statement certification and Exchange compliance deadlines.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor Exchange filings for new auditor appointment announcement within 30 days.
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Who Is Affected
All shareholders affected indirectly through audit continuity risk and potential FY 2026 audit timeline delays or quality implications.
🔍
Management Signal
Mid-tenure resignation attributed to auditor health issues, not audit disagreement, suggesting stable Board-auditor relationship but operational transition risk.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
New Statutory Auditor appointment announcement — Reg 30 disclosure within 30 days
FY 2026 financial results filing — verify audit completion and new auditor signature
Board meeting outcomes — track audit committee decisions on interim audit arrangements
MEDIUM RISK Auditor vacancy creates audit continuity risk until replacement appointed; delayed appointment risks FY 2026 audit and compliance deadlines.
💡 Investor Takeaway
Statutory Auditor M/s. Rishi Sekhri & Associates resigned 24 April 2026 citing medical conditions. Auditor held five-year appointment FY 2022-23 through FY 2026-27. Board to appoint replacement; timeline and auditor identity remain undisclosed.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Mid-term auditor departure during ongoing five-year engagement creates audit continuity gap until replacement appointed.
  • No disclosure of interim audit arrangements or timeline for new auditor appointment creates uncertainty on compliance continuity.
⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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