Intimation of Resignation of Statutory Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Gravity (India) Limited has informed the stock exchange that M/s DDM & Associates, Chartered Accountants (FRN: 133446W) has resigned as the company's Statutory Auditor, effective November 14, 2025. The auditor cited pre-occupation in other assignments and inability to devote time to the company's affairs as the reason for stepping down. Notably, DDM & Associates was appointed only on April 1, 2025, with a term scheduled to run until March 31, 2030, meaning the resignation came barely 7 months into a 5-year tenure. The last work submitted was the Limited Review Report for the quarter ended September 30, 2025. The auditor confirmed there is no dispute with management and no concerns about information suppression or any other material issues.
This is a midterm resignation by an auditor who had barely started their term, which may raise governance questions and could delay audit work until a replacement is appointed. For shareholders, this adds uncertainty around the company's audit continuity, though the auditor has explicitly stated no management-related concerns.