CROWN LIFTERS LIMITED has informed the Exchange about Resignation of Statutory Auditor
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Crown Lifters Limited's Statutory Auditor, Shiv Pawan And Company (Chartered Accountants, Firm Reg. No. 120121W), has resigned with immediate effect from June 26, 2025. The auditor cited unforeseen and ongoing health issues of the signing partner (CA Shivhari B. Garg) as the reason for stepping down. Importantly, the auditor had already completed the statutory audit of the standalone financial statements for the period ending March 31, 2025, and submitted their report on May 26, 2025. The auditor confirmed there are no other material reasons behind the resignation. The firm was originally appointed in September 2022 for a five-year term, meaning they are stepping down about two years before their tenure was set to end in July 2027.
Since the audit for FY25 was already completed and submitted, there is likely no disruption to the company's reported financials. Shareholders should monitor for the appointment of a new statutory auditor in due course. The resignation appears routine and health-driven, not indicative of any governance or financial concern at the company.