Intimation of resignation of Statutory Auditor of the Company
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Bharat Global Developers Ltd has accepted the resignation of M/s K M Chauhan & Associates, Chartered Accountants (FRN 125924W) as Statutory Auditor, effective 4 July 2025, citing pre-occupation. This is a midterm exit — the firm was appointed in September 2024 for a full 5-year term (FY2024-25 to FY2028-29), so it stepped down roughly 10 months into its tenure. The outgoing auditor had already submitted the audit report for 31 March 2025 and confirmed no concerns, issues, or governance matters were left unresolved. To fill the casual vacancy, the Board, based on the Audit Committee's recommendation, has proposed appointing M/s Sunit M Chhatbar & Co (FRN 141068W), a firm with over 10 years of experience, subject to shareholder approval at the upcoming general meeting. Separately, Mr. Dheeraj Kumar Sahu (ACS A73011) has been appointed as Company Secretary and Compliance Officer (KMP) with effect from 4 July 2025.
While sudden auditor changes can sometimes worry investors, this exit appears orderly — the auditor completed the latest annual audit, raised no concerns, and a replacement is already lined up for shareholder approval. Shareholders should watch the next general meeting for approval of the new auditor, but there is no immediate red flag on the financials or governance from this filing.