In the wake of the tussle between the Birlas and Rajendra S Lodha over the will of Late Priyamvada Birla, chartered accountants firm Lodha & Company said it was not seeking re-appointment as auditors of Indo Gulf Fertilisers Ltd.

The Aditya Birla Group entity on Friday informed the Bombay Stock Exchange [ Images ] that Lodha & Company, which holds office till the conclusion of the annual general meeting, has in a letter expressed its desire not to offer itself for re-appointment as the statutory auditors of the company.

Birla vs Lodha: War over a will

Indo Gulf is taking necessary steps to appoint another auditor in its place, it said.

The annual general meeting was earlier scheduled for August 10 but was postponed and a new date is yet to be finalised by the company.

The decision to cancel the AGM was taken because the board wanted to a take a view on Rajendra Lodha's firm continuing as statutory auditor of Indo Gulf in the wake of issues raised over the will of Priyamvada Birla.