Arax Holdings Corp Dismisses Independent Auditor (July 2026)

What Happened
Arax Holdings Corp announced on July 22, 2026 that its Board of Directors dismissed Fruci & Associates II, PLLC as the company’s independent registered public accounting firm, effective immediately. The filing states Fruci’s audit reports for the fiscal years ended October 31, 2025 and 2024 were not adverse, not qualified, and contained no disclaimers. The Board approved the decision and the company provided Fruci with a copy of the 8-K disclosures.

Key Details

• Dismissal effective date: July 22, 2026.
• Auditor dismissed: Fruci & Associates II, PLLC.
• Prior audit reports (fiscal years ended Oct 31, 2025 and 2024) contained no adverse opinions, disclaimers, or modifications.
• No disagreements with Fruci on accounting principles, financial disclosure, or audit scope for the two most recent fiscal years and the interim period through July 23, 2026; no reportable events under Regulation S-K Item 304.
• The 8-K does not name a successor auditor.

Why It Matters
A change in independent auditor is a material corporate governance event investors track because it can affect confidence in financial reporting. In this case, the filing notes clean prior audits and no disagreements or reportable events, which reduces immediate red flags. However, the company has not yet disclosed a replacement auditor, so investors may watch for a subsequent filing naming a successor and any related transition details.