BSEOmega Interactive Technologies LtdHighNegative
Announced Mon, 7 Apr · 18:35 IST

1. M/s Desai Saksena & Associates, Chartered Accountants, (Firm Reg. No 102358W) Statutory Auditor of the Company vide letter dated April 04, 2025, has tendered their resignation as Statutory ....

Auditor Resigned MidtermManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Omega Interactive Technologies Limited's statutory auditor, M/s Desai Saksena & Associates, resigned effective March 31, 2025 — roughly two years before their term was scheduled to end on March 31, 2027. The auditor cited management's decision to appoint a group-level auditor across all entities under the same management, and confirmed there are no other material reasons or concerns. The board approved the appointment of M/s. S S R V & Associates, a peer-reviewed Mumbai-based firm founded in 2007, as the new statutory auditor from April 1, 2025, subject to shareholder approval at the upcoming AGM. The resigning auditor's last submitted report was the limited review for the quarter ended December 31, 2024.

Likely market impact

The stated reason points to a routine auditor consolidation at the group level rather than a governance red flag, and the outgoing auditor explicitly confirmed no undisclosed concerns. Investors should monitor the FY25 audit outcome for any qualifications, as well as shareholder approval of the new auditor at the next AGM.