Intimation regarding resignation of statutory Auditor
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Ajwa Fun World & Resort Ltd has informed the stock exchanges that its statutory auditor, M/s SPVP & Co (Firm Registration No. 155159W), has resigned effective August 14, 2025. The reason given is the dissolution of the audit firm itself. SPVP & Co had been appointed as statutory auditor on September 30, 2024, for a 5-year term running until the AGM in 2029, so this is a midterm exit. The last statutory audit report submitted by them was dated May 29, 2025. The auditor has confirmed there are no other reasons beyond the firm's dissolution and no pending concerns with management or the audit committee.
This is a routine but noteworthy governance event for shareholders — the company will need to appoint a new statutory auditor soon. Auditor changes are common but can sometimes raise governance questions; here the reason (firm dissolution, not a dispute) is relatively benign, so no immediate material impact on the stock is expected.