Crown Lifters Limited has informed the Exchange regarding Change in Auditors of the company.
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Crown Lifters Limited has informed the stock exchange that its statutory auditor, M/s Shiv Pawan And Company, Chartered Accountants (Firm Registration No. 120121W), has resigned with effect from June 26, 2025. The resignation is due to unforeseen and ongoing health issues of the partner, CA Shivhari B. Garg, which prevents him from fulfilling his duties. The auditor had been appointed on September 29, 2022, for a 5-year term ending at the 2027 AGM, making this a mid-term exit. Importantly, the auditor completed the audit of the standalone financial statements for the year ended March 31, 2025, and submitted the report on May 26, 2025. The auditor confirmed no concerns about the company's management and no other material reasons for resignation. The company will appoint a new statutory auditor to fill the casual vacancy in due course.
The resignation appears routine and non-concerning, driven solely by personal health reasons, with the FY25 audit already completed and no management issues flagged. Shareholders should watch for the appointment of a new auditor; until then, there may be a brief governance gap, but no material impact on financials is expected.