IL&FS Engineering & Construction Co has received resignation letter from the one of its Joint Statutory Auditors on 15 July 2019, letter dated 14 July 2019, viz.
M/s. BSR & Associates LLP, Chartered Accountants (Firm Registration Number: 116231W/W-100024) stating their intent to not continue as the Statuary Auditors of the Company and tendering their resignation with immediate effect.
In terms of the resignation letter dated 14 July 2019, the reasons cited are the non- payment of audit fees for the year ended 31 March 2018 and non- receipt of certain pending information and responses to audit matters as requested by them for the audit for the year ended 31 March 2019, limited reviews for the quarter ended 30 September 2018 and 31 December 2018 and responses to certain queries raised by it.
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