Focus Lighting and Fixtures Limited has informed the Exchange regarding Change in Auditors of the company.
FOCUS · price
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Focus Lighting and Fixtures Limited has informed the Exchange that SPN Associates PAC, the Statutory Auditor of its material subsidiary Focus Lighting And Fixtures PTE Ltd (a Singapore-based entity), has tendered its resignation effective May 06, 2026. The auditor cited time constraints as the reason — it was unable to complete the statutory audit for FY 2025–26 within the timelines required for consolidation of accounts by the Indian holding company under SEBI LODR Regulations, 2015. SPN Associates PAC was originally appointed on July 28, 2023, and its last audit report covered the period ended March 31, 2025 (submitted May 29, 2025). The company has stated that no alternative auditor has yet been appointed, and shareholders are requested to note the change.
The mid-term resignation of a subsidiary's auditor due to timelines could slightly raise concerns about governance and the consolidation process, but the company appears to be managing the transition. No immediate material impact on the holding company's financials is expected, though investors should monitor for appointment of a replacement auditor.