Company Update

Inditrade Capital's statutory auditors, M/s. Kirtane & Pandit LLP, have resigned, effective February 12. The auditors cited the company's failure to provide complete and timely financial information for recent quarters and the half-year, hindering their ability to conduct reviews and audits.

The company explained that severe liquidity constraints, mass employee resignations, and its lessor taking possession of books and systems made preparing financial statements impracticable.

This operational disruption and lack of financial data are significant for stakeholders, impacting transparency.