JEENA SIKHO LIFECARE LIMITED has informed the Exchange about Resignation of Statutory Auditor
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KRA & Co, Chartered Accountants has resigned as the Statutory Auditor of Jeena Sikho Lifecare Limited, effective after the Board Meeting on August 14, 2025. The firm was originally appointed in November 2021 for a 5-year term ending at the 2026 AGM, so this is a mid-term exit roughly a year before scheduled completion. The reason given is that the company has recently migrated to the Main Board and, following suggestions from its investors, plans to appoint one of the global audit firms to match its enhanced visibility and stakeholder expectations. KRA & Co has confirmed there are no other reasons, no concerns with management, and no disputes. They will hand over the Limited Review Report for Q1 FY26 (quarter ended June 30, 2025) before stepping down.
The resignation is voluntary and tied to a routine corporate upgrade — Jeena Sikho moving to the Main Board and wanting a bigger audit firm. Since the auditor flagged no governance or financial issues, this is likely neutral to mildly positive for shareholders, as a global auditor often signals stronger credibility. Investors should watch for the announcement of the new auditor appointment.