M/s R C Sharma & Associates has resigned as statutory auditors of Mahaan Foods Limited, effective immediately due to the pending peer review certificate from ICAI.

This change may necessitate the appointment of a new audit firm, impacting financial oversight and potentially investor confidence.

The resignation reflects the auditor's inability to fulfill statutory duties, which could prompt a review of the company's audit processes going forward.

Investors might see this as a neutral impact in the short term but should monitor subsequent appointments for implications on governance and audit quality.