Crown Lifters Limited has informed the Exchange regarding Resignation of Ms Shiv Pawan and Company as Statutory Auditor of the company w.e.f. Jun 26, 2025.
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Crown Lifters Limited has informed the stock exchange that M/s Shiv Pawan And Company, Chartered Accountants (Firm Registration No. 120121W), has resigned as the company's Statutory Auditor effective June 26, 2025. The auditor cited unforeseen and ongoing health issues of the partner (CA Shivhari B. Garg) as the reason for stepping down. Importantly, the resigning auditor completed the audit of the standalone financial statements for the year ended March 31, 2025 (report submitted on May 26, 2025) and raised no concerns about the company's management or operations. The original appointment was for a 5-year term starting September 29, 2022, scheduled to continue until the AGM in calendar year 2027, so this is a mid-term exit. The company will appoint a new statutory auditor in due course to fill the casual vacancy and will file the required Form ADT-3 with the Registrar of Companies.
No governance red flags — the resignation is purely due to personal health reasons with no adverse comments from the auditor. Shareholders should, however, watch for timely appointment of a new statutory auditor to ensure continued compliance and avoid any disruption to future audits.