M/s V Ravi & Co. has resigned from the post of Statutory Auditors of the Company w.e.f 01.08.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Covidh Technologies' board held a meeting on August 1, 2025, and accepted the resignation of statutory auditor M/s V Ravi & Co. effective the same day, citing pre-occupation after completing one five-year term (FY 2020-21 to FY 2024-25). To fill the casual vacancy, the board recommended appointing M/s G M K S & Co. as the new statutory auditor, subject to shareholder approval at the upcoming AGM. The company also approved its Q1 FY26 standalone results, reporting a loss of ₹1.54 lakh versus a profit of ₹22.80 lakh in Q1 FY25, with nil revenue during the quarter. Additional changes include the appointment of Ms. Rinku Saini as a Non-Executive Independent Director, a switch of Registrar and Share Transfer Agent from Aarthi Consultants to Skyline Financial Services, and a proposed shift of the registered office from Hyderabad to Pune. The 33rd AGM is scheduled for August 26, 2025.
The auditor change appears routine as the outgoing firm completed its five-year tenure, but investors should watch the new auditor's first review for any shifts in reporting. The sharp swing from profit to loss in Q1 FY26 on zero revenue may raise concerns about business momentum, though the figures are small in absolute terms.