Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular , we wish to inform you that VKJD & Associates, Charted Accountant, Ahmedabad have resigned as statutory ....
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Jayatma Enterprises has informed the stock exchanges that its statutory auditor, VKJD & Associates (Ahmedabad), resigned effective May 15, 2025, well before the end of their term. The auditor was originally appointed at the 41st AGM in September 2021 and was scheduled to serve until the 2026 AGM. In the resignation letter, the auditor explicitly cited delay in payment of statutory audit fees by the company as the reason for stepping down. The auditor confirmed there are no concerns regarding management-imposed limitations or inability to obtain audit evidence. The company has yet to announce a replacement auditor. Signed by Nirav K. Shah, Chairman & Managing Director.
This is a negative governance signal — an auditor quitting mid-term over unpaid fees suggests possible cash-flow trouble or weak internal governance at the company. Shareholders should watch closely for appointment of a new auditor and any further disclosures, as delayed fee payments to auditors can be an early red flag for deeper financial stress.