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Evexia Lifecare Ltd told BSE that it was late in disclosing the resignation of its statutory auditor, M/s M. A. Shah & Co. The auditor actually stepped down on February 12, 2026, but the intimation was filed only on April 15, 2026 — a delay of about two months. The company blamed the lapse on an internal administrative oversight and termed it unintentional. According to the auditor's resignation letter, their tenure was tied to the conclusion of the Annual General Meeting (AGM) for FY 2024-25, which the company failed to hold within the stipulated timeframe. M.A. Shah & Co. had been appointed in January 2025 to fill a casual vacancy left by the previous auditor's resignation, which itself is a point of concern. The auditor's last submitted report was a limited review for Q2 of FY 2025-26 (July–September 2025). No replacement auditor has been named in this filing.
The two-month delay in disclosing the auditor's exit, combined with the company's failure to hold its AGM on time, are governance and compliance red flags. Retail investors should watch for any follow-up action from SEBI on the delayed disclosure and look out for an update on the appointment of a new statutory auditor, as prolonged absence of one could affect timely financial reporting.