Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Resignation of Statutory Auditors.
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7NR Retail Ltd's statutory auditor, M/s. Aniket Goyal & Associates, Chartered Accountants, has resigned effective close of business on 14th May 2025. The auditor was originally appointed on 28 September 2023 with a term scheduled to run until 31 March 2027, so this is a midterm exit. The reason given is that the firm's peer review certificate is set to expire on 31 May 2025 and they do not plan to renew it, as the firm is planning a merger in the near future. The auditor confirmed there are no concerns about the company's management and no material reasons for the resignation. The company's audit committee and board will appoint a new statutory auditor in due course to fill the casual vacancy.
This is a routine, non-concerning auditor change driven by the audit firm's own business decisions (peer review expiry and upcoming merger), not by any governance or financial issues at the company. Shareholders should watch for the announcement of the new statutory auditor, but there is no immediate negative implication for the stock.