The Board of Directors of the Company, at its meeting held today, i.e. Friday, 02nd January, 2026, has, inter alia, considered and taken note of resignation tendered by M/s. J. Singh & ....
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Bizotic Commercial Limited has informed the stock exchanges that its statutory auditor, M/s J. Singh & Associates (FRN: 110266W), has resigned with effect from 19th December 2025. The Board of Directors, at its meeting on 2nd January 2026, accepted the resignation after noting the recommendation of the Audit Committee. The auditor was appointed on 9th January 2025 and had a term running until the AGM in 2030, meaning the exit is mid-term. According to the auditor's resignation letter, the reasons are internal to the firm — a key audit partner handling the company's audits has left the partnership, and the firm is facing acute staff shortages that prevent timely audit completion. The auditor confirmed there are no concerns about management, no restriction on information, and no other material reasons for quitting. The firm will still issue the limited review report for the half year ended 31st March 2026 as required by SEBI rules.
The resignation appears to be driven by internal resource issues at the audit firm rather than any governance concerns at the company, which limits the negative signal. However, the company must now appoint a new statutory auditor to fill the remainder of the term through 2030, and shareholders should watch for timely disclosure of the replacement.