Response to query received from BSE vide e-mail dated 18.07.2025 for announcement submitted on BSE portal dated 30.05.2025.
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Vuenow Infratech Limited has submitted a revised announcement to BSE regarding the resignation of its statutory auditor M/s. Kapish Jain & Associates (Firm Registration No. 022743N), effective May 30, 2025. The auditor cited persistent challenges in coordinating time for documentation review and issue resolution, which impacted their ability to perform the audit per ICAI standards. The auditor had been appointed on September 30, 2024, with a term scheduled to expire at the 35th AGM in 2029, making this a midterm exit. The company had earlier filed a related intimation on May 30, 2025, and this is a revised version providing additional disclosures sought by BSE.
Auditor changes in small companies often raise governance red flags for retail investors, especially when the resignation occurs so soon after appointment and involves coordination issues with management. Shareholders should watch for appointment of a new auditor and any qualified audit opinions in upcoming financial results.