Intimation of Material events pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Resignation of Statutory Auditor.
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Abhishek Finlease Limited has informed the stock exchange that its Statutory Auditor, M/s AKGVG & Associates (Firm Registration No. 018598N), has resigned with immediate effect from August 12, 2025. The auditor cited the demerger of their firm M/s Shah Karia & Associates and the retirement of the Relationship Partner from AKGVG & Associates as the reasons for inability to continue. The auditor was originally appointed on September 29, 2023, with a scheduled term until the AGM for FY 2027-28, making this a mid-term exit. The last report submitted was the Limited Review Report for the quarter ended June 30, 2025, filed on August 7, 2025, with no concerns or management-imposed limitations flagged.
This is a procedural change driven by the auditor firm's internal restructuring (demerger and partner retirement) rather than any governance or audit concerns. Shareholders should expect the company to appoint a new statutory auditor soon; it typically has minimal impact on stock price but investors should watch for disclosure of the new auditor's appointment.