Appointment and Resignation of Statutory Auditors
Awaiting price reaction for this filing.
Omega Interactive Technologies informed the stock exchange that its Statutory Auditor, M/s Desai Saksena & Associates (FRN: 102358W), has resigned effective March 31, 2025. The resignation was submitted on April 4, 2025, and the reason cited is the management's decision to appoint a common group auditor across all entities under the same management. The Board has approved the appointment of M/s S S R V & Associates (FRN: 135901W), a peer-reviewed firm founded in 2007, as the new Statutory Auditor effective April 1, 2025, subject to shareholder approval at the upcoming AGM. The new auditor will serve until the conclusion of the AGM for FY 2024-25. The outgoing auditor had been appointed on September 30, 2022, with a scheduled term ending March 31, 2027, making this a midterm exit.
This is largely a routine auditor rotation driven by the management's preference for a group-level auditor, not a red flag. The outgoing auditor did not flag any concerns, and the incoming firm is a peer-reviewed chartered accountancy firm. No material impact on shareholders or the stock is expected.