Focus Lighting and Fixtures Limited has informed the Exchange about Resignation of Statutory Auditor
FOCUS · price
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SPN Associates PAC, the statutory auditor of Focus Lighting and Fixtures PTE Ltd (a Singapore-based material subsidiary of Focus Lighting and Fixtures Limited), has resigned effective May 6, 2026. The auditor cited time constraints as the reason — it could not complete the FY 2025-26 audit within the timelines required for consolidation of accounts by the Indian holding company under SEBI LODR Regulations. SPN Associates was appointed on July 28, 2023, and had submitted its last audit report for FY 2024-25 on May 29, 2025. The company stated it has complied with SEBI Master Circular requirements since the auditor had not issued any Limited Review or Audit reports for the quarters ended June 2025, September 2025, or December 2025. The auditor confirmed there is no other material reason for the resignation. A successor auditor is yet to be appointed.
The mid-term resignation of the subsidiary's auditor may cause a temporary delay in consolidation and financial reporting timelines. However, since no audit concerns were flagged and the resignation was attributed to scheduling constraints, the impact on the holding company's stock is expected to be minimal.