Jet Freight Logistics Limited has informed the Exchange regarding Cessation of Ms GMCS Co as Other of the company w.e.f. August 13, 2025.
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Jet Freight Logistics Limited has informed the stock exchanges that M/s. GMCS & Co, Chartered Accountants (FRN: 141236W) has resigned as the company's Statutory Auditor with effect from August 13, 2025. The auditor cited pre-occupation with existing professional commitments and certain other unavoidable engagements as the reason for stepping down. GMCS & Co was originally appointed on May 29, 2024, with their term scheduled to run until March 31, 2029, making this a mid-term resignation. The auditor had submitted the Limited Review Report for Q1 FY26 (quarter ended June 30, 2025) just one day prior, on August 12, 2025, and stated there were no concerns or disputes with management.
Mid-term auditor resignations are generally viewed cautiously by investors, though the reasons cited here appear routine rather than indicative of governance or financial reporting issues. The company will now need to appoint a new statutory auditor, which could create short-term uncertainty around audit continuity for the current financial year.