New Delhi : Auditing major Deloitte Haskins & Sells resigned as statutory auditors of Manpasand Beverages as the fruit juice maker failed to provide them with “significant information” on the financial results for the year ended March 31, 2018.
In a letter addressed to company’s board, Manpasand Beverages MD Dhirendra Singh, Deloitte Haskins & Sells said that significant information “requested by us from the company at various points of time for the purposes of audit of the financial results have not yet been provided to us”. “We observe that there has been no further progress with respect to the pending information, evidences and explanations. Therefore, as informed to you, we would be unable to complete the statutory audit of the financial statements of the company for the year ended March 31, 2018 by May 30, 2018,” it added.
“Under the circumstances, and as per our discussions with you, we are submitting our resignation as statutory auditors of the company with immediate effect,” the letter said. The board meeting on Manpasand Beverages was scheduled to be held on May 30.