other_material
confidence high
sentiment negative
materiality 0.75
Zoomcar dismisses Grant Thornton Bharat, engages Bansal & Co as auditor; material weaknesses persist
Zoomcar Holdings, Inc.
- Dismissed Grant Thornton Bharat LLP effective July 29, 2025; no disagreements with the firm.
- Engaged Bansal & Co LLP as new independent registered public accounting firm for FY 2026.
- Reportable events: multiple material weaknesses in internal controls over financial reporting, including inadequate ITGCs and lack of technical expertise.
- Material weaknesses have not been remediated as of the date of this filing.
item 4.01item 9.01