Intimation regarding resignation of Statutory Auditor of the company with effect from 19 December,2025 due to reduction in overall audit leadership capacity of auditor.
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Bizotic Commercial Limited's statutory auditor, M/s J. Singh & Associates (FRN: 110266W), has resigned with effect from 19 December 2025. The auditor was appointed on 9 January 2025 with a term scheduled to run until the conclusion of the AGM in 2030, making this a mid-term exit. The reasons cited are internal to the audit firm — a key audit partner resigned, reducing leadership capacity, along with acute staff shortages that would prevent timely audit completion. The auditor confirmed there are no concerns about the company's financials or management, and no management-imposed limitations were involved. The outgoing auditor will still issue the limited review report for the half year ending 31 March 2026 to ensure compliance.
Shareholders should note the company now needs to appoint a new statutory auditor before the next reporting cycle. While the exit is due to the auditor's internal resource issues rather than any company-side red flags, a mid-term auditor change can sometimes cause short-term uncertainty around audit continuity.