Clarification of Resignation of Statutory Auditor "Ashish Khandelwal & Company" w.e.f 03.06.2025
Awaiting price reaction for this filing.
Starlit Power Systems informed BSE that its recently appointed statutory auditor M/s Ashish Khandelwal & Company (FRN: 008825C) has resigned effective 03.06.2025, citing personal reasons, and notably did not submit a formal resignation letter. This is the second auditor change in just about a month — the earlier auditor M/s H K Chhabra & Co had resigned on 07.05.2025. The new auditor, appointed on 22.05.2025, failed to issue the audit report, causing the company to miss the deadline for filing audited financial results. The Board has now appointed M/s VRSK & Associates (FRN: 011199N) to fill the casual vacancy, and this firm has already submitted the audited financial report, allowing the company to resume compliance filings.
Two auditor exits in quick succession, a missed audit filing deadline, and an abrupt resignation without a formal letter are red flags for governance and audit quality at this small-cap company. Shareholders should watch closely for the quality and timeliness of the upcoming audited results and any further board-level changes.