Focus Lighting and Fixtures Limited has informed the Exchange about Resignation of Statutory Auditor
FOCUS · price
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Focus Lighting and Fixtures Limited has announced that SPN Associates PAC, the statutory auditor of its Singapore-based material subsidiary Focus Lighting And Fixtures PTE Ltd, has resigned effective May 6, 2026. The auditor cited time constraints in completing the audit for FY 2025-26 within the timelines required for consolidation of accounts by the Indian holding company under SEBI LODR Regulations. SPN Associates PAC was appointed on July 28, 2023, and had submitted the audit report for FY 2024-25 on May 29, 2025. The company stated that no limited review or audit report was issued for Q1, Q2, or Q3 of FY 2025-26 before the resignation. The auditor confirmed there were no other material reasons for the resignation and no concerns were raised prior to leaving.
The mid-term resignation of the subsidiary's auditor may cause delays in financial reporting and consolidation for the holding company. Shareholders should monitor for appointment of a replacement auditor and any impact on upcoming quarterly results.