Best Agrolife Limited has informed the Exchange regarding 'Resignation of Auditor of Seedlings India Private Limited, a material subsidiary of the Company'.
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M/s. K Sumit & Co., Chartered Accountants, has resigned as the Statutory Auditor of Seedlings India Private Limited (SIPL), a material subsidiary of Best Agrolife Limited, with effect from August 14, 2025. The resignation was tendered under Section 140 of the Companies Act, 2013, citing non-revision of audit fees despite repeated requests, which the firm said made it unviable to continue. The auditor has confirmed there are no other material reasons for stepping down and no qualifications or adverse remarks were left on previous financial statements. Best Agrolife has disclosed this to the exchanges in line with SEBI Listing Regulations.
This is a routine mid-term auditor change at the subsidiary level driven by a fee disagreement rather than a governance concern. Investors should watch for the appointment of a new auditor for SIPL, but no immediate red flag is raised for Best Agrolife shareholders.