Eastern Sug & Inds Limited - Clarification

20 Jul 2022 , 12:00 AM

The Exchange has sought clarification from Eastern Sug & Inds Limited with respect to announcement dated 09-Apr-2022 informing about Resignation of Statutory Auditor.On the basis of aforesaid announcement, the Company is required to provide/clarify the following:Auditor Resignation 1. In case the information requested by the auditor was not provided, then following shall be disclosedA) Whether the inability to obtain sufficient appropriate audit evidence was due to a management-imposed limitation or circumstances beyond the control of the managementB) Whether the lack of information would have significant impact on the financial statements/results.C) Whether the auditor has performed alternative procedures to obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised)D) Whether the lack of information was prevalent in the previous reported financial statements/results. If yes, on what basis the previous audit/limited review reports were issued.The response of the company is awaited.