Inducto Steel Limited's joint statutory auditor, M/s LLB & CO, Chartered Accountants, has resigned due to pre-occupation with other assignments.

This change necessitates the company to appoint a new auditor to ensure continued independent financial oversight.

This development is important for shareholders as statutory auditors play a crucial role in maintaining transparent financial reporting and overall compliance.

The company will need to ensure a smooth transition to a new auditing firm.