The Anil Dhirubhai Ambani Group (ADAG) company in the disclosure to bourses also said that Pathak H.D. & Associates will be the sole auditor and whose term is valid until the conclusion of the AGM for the year ended March 31, 2021. PWC also resigned as auditor of Reliance Home Finance Ltd.RCAP's stocks were down 1.65% at 12:30 pm. PWC in its resignation letter stated that as part of the ongoing audit for FY19, it noted certain observations and transactions which in its assessment, if not resolved satisfactorily, might be significant or material to the financial statements. "The company has also duly furnished all requisite and satisfactory details as required by PWC, especially including certification and confirmations of the transactions in question on multiple occasions by PWC themselves.

Source: Mint June 12, 2019 06:25 UTC