Welcure Drugs & Pharmaceuticals Ltd — Important, 21-08-2025: Company Update

Welcure Drugs & Pharmaceuticals' statutory auditor, Chandabhoy & Jassoobhoy, has resigned. The auditor stated the resignation stemmed from a disagreement with management regarding an increase in audit fees. Crucially, they also reported management-imposed limitations in obtaining sufficient audit evidence, which impacted financial statements and was an issue in prior reports. This move is significant for investors, as it raises concerns about the company's financial reporting and overall governance.