Please find the intimation regarding the Resignation of Statutory Auditor
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Hem Holdings & Trading Ltd has informed the BSE that M/s. Harsh Jain & Associates, Chartered Accountants (Durg, FRN: 007639C), has resigned as the company's Statutory Auditor with effect from close of business hours on November 17, 2025. The auditor was originally appointed at the 40th AGM on September 30, 2022 for a 5-year term that was scheduled to end at the 2027 AGM, making this a mid-term exit roughly 2 years before completion. The reason cited is 'preoccupation with other professional commitments and being unable to devote the necessary time and attention to the affairs of the Company,' with no concerns, disputes, or management-imposed limitations flagged. The auditor had completed the FY2024-25 audit and the September 2025 quarter limited review before stepping down. The Audit Committee and Board will take note of the resignation and recommend the appointment of a new statutory auditor for shareholders' approval.
This is a routine auditor change with no governance red flags or audit qualifications reported, so the immediate impact on shareholders is neutral. However, investors should watch for timely appointment of a replacement auditor, as any delay could create compliance or reporting hiccups.