Amber Enterprises India Limited has informed the Exchange regarding Resignation of M/s Gowthama & Company, Statutory Auditors of Ascent Circuits Private Limited, a material step-down subsidiary of the Company from the position of Statutory Auditor vide their letter dated 08 August, 2025.
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M/s Gowthama & Company, the statutory auditor of Ascent Circuits Private Limited (a material step-down subsidiary of Amber Enterprises), has resigned effective 08 August 2025, citing preoccupancy with other assignments. The auditor had been appointed on 30 September 2022 and was scheduled to serve until the financial year ending 31 March 2027, meaning this is a mid-term exit roughly 18 months before the scheduled end of their tenure. The last limited review report submitted by them was for Q1 FY26 (quarter ending 30 June 2025), filed on 26 July 2025. The resigning auditor explicitly stated they have no concerns about the management, so no Audit Committee review is required.
The exit is at the subsidiary (Ascent Circuits) level, not at Amber Enterprises itself, and is attributed to a routine reason (workload at the audit firm) rather than any governance or financial dispute. For Amber shareholders, this is a low-impact disclosure, but the company will need to appoint a new auditor for Ascent Circuits promptly to ensure uninterrupted statutory audit coverage of the subsidiary.