CREATIVE EYE LIMITED has informed the Exchange about Resignation of Statutory Auditor
CREATIVEYE · price
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M/s NGS & Co LLP, Chartered Accountants, has resigned as the Statutory Auditor of Creative Eye Limited with immediate effect from September 22, 2025. They were originally appointed on September 30, 2022 for a five-year term ending at the FY2026-27 AGM, meaning they are stepping down about 2.5 years early. The auditor cited that the effort and resources needed to audit a listed company have grown significantly while the audit fees remain 'commercially unviable,' making it difficult to continue under ICAI's Standards on Auditing and Quality Control. They confirmed completion of the FY25 audit (report dated May 27, 2025) and the Q1 FY26 limited review (report dated August 8, 2025), and stated there are no other material reasons or concerns with management or financial statements.
This is a mid-term auditor exit driven by fee economics rather than any governance or financial-statement concern, so it is not an automatic red flag — but the company will need to appoint a new statutory auditor soon. Shareholders should watch for the appointment of a replacement firm, as a delayed or contentious replacement could briefly weigh on sentiment.