Revised announcement for resignation of Statutory Auditor pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 in response to BSE query.
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Vuenow Infratech Limited has submitted a revised intimation to BSE confirming the resignation of its Statutory Auditor, M/s. Kapish Jain & Associates (FRN: 022743N), effective May 30, 2025. The auditor cited persistent challenges in coordinating documentation review and issue resolution, stating they could no longer fulfil their responsibilities per ICAI Standards on Auditing and Quality Control. The auditor had been appointed on September 30, 2024, with a term running until the 35th AGM in 2029, meaning they resigned after roughly 8 months — well before their scheduled term ended. The filing was revised after BSE sought additional disclosures under Regulation 30 and the SEBI Master Circular dated November 11, 2024.
Mid-term resignation of a statutory auditor, especially one citing inability to obtain proper audit evidence, is typically viewed as a governance red flag by investors. Shareholders should watch for timely appointment of a replacement auditor and monitor whether the FY25 audit report is filed without further delay or qualifications.