Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, read with with relevant circulars, it is hereby informed that M/s. R Dokania & Co., the Statutory Auditors of the Company, have ....
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GEE Limited's statutory auditor, M/s. R. Dokania & Co. (FRN: 322739E), has resigned with immediate effect on May 13, 2025, after serving only about 13 months since their appointment at the 62nd AGM in April 2024. The auditor cited a lack of mutual trust and confidence from the incoming management, referencing an impending change in management and control of the company pursuant to a settlement agreement (previously intimated to exchanges on April 22, 2025). The auditor emphasized they had discharged their duties diligently and independently. The company will hold an urgent Audit Committee and Board meeting to fill the casual vacancy.
This mid-term auditor resignation, triggered by governance and trust issues with the incoming management, raises governance concerns for shareholders. The change of control via settlement agreement combined with auditor exit could create short-term uncertainty around financial oversight and may affect investor confidence until a new auditor is appointed.