Allied Digital Services Limited has informed the Exchange regarding Resignation of M/s. Rathi & Associates, Company Secretaries as Secretarial Auditors of the company w.e.f. May 23, 2025.
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Allied Digital Services Limited has informed the stock exchange that M/s. Rathi & Associates, Company Secretaries, have stepped down as the company's Secretarial Auditors with effect from May 23, 2025. The firm resigned before the completion of its term, making this a mid-term exit. No reason for the resignation has been disclosed in this filing. Shareholders will need to watch for further updates on the appointment of a new Secretarial Auditor.
Auditor resignations, especially mid-term, can raise governance concerns among investors and may lead to short-term uncertainty about the stock. However, the impact may be limited if a replacement is appointed promptly without any qualifications or adverse remarks from the outgoing auditor.