Outcome of the Meeting of Board of Directors held on 13th March, 2026 Regarding the resignation of Statutory Auditors of the company.
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Gabion Technologies India Ltd informed the stock exchange that its statutory auditor, M/s SVJ & Company (FRN: 020356C), has resigned effective January 30, 2026, citing disagreement over auditor remuneration. The auditor had been appointed on September 30, 2025, with a term scheduled to run until March 31, 2030, making this a mid-term exit. The company says it tried to resolve the issue by offering to settle outstanding dues, but the auditor had already filed Form ADT-3 with the Registrar of Companies. SVJ & Company confirmed it completed the FY 2024-25 audit and all IPO-related certifications, and stated there are no other reasons for the resignation besides the fee dispute. The board formally noted the resignation at its meeting on March 13, 2026.
An auditor walking out mid-term over unpaid fees is a governance red flag and may dent investor confidence. The company will need to appoint a new statutory auditor quickly, and the outstanding dues must be cleared to obtain the NOC from the outgoing auditor.