Announcement under regulation 30(LODR)- resignation of statutory auditor
Awaiting price reaction for this filing.
AVI Polymers Ltd has informed the stock exchange that M/s S K Bhavsar & Co. (FRN: 0145880W) has resigned as the Statutory Auditor of the company with effect from October 30, 2025. The auditor was originally appointed on September 5, 2025 for a 5-year term covering FY 2024-25 onwards, meaning the resignation came less than two months into the appointment. The stated reason for stepping down is 'pre-occupation in other professional work.' The auditor confirmed that no concerns were raised about the company, the management extended full cooperation, and no adverse communication was received from the company before the resignation. The Board has noted the resignation and appreciated the auditor's services.
For shareholders, this means the company will need to appoint a new statutory auditor promptly to avoid any audit or compliance gaps. The very short tenure (under 2 months) and the vague reason may raise minor governance questions, but the auditor has explicitly stated there are no disputes or concerns with the company.