M/s Darpan & Associates, Chartered Accountants (FRN: 016156S), has resigned from the position of the Statutory Auditor of the Company.
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M/s Darpan & Associates, Chartered Accountants (FRN: 016156S), has resigned as the Statutory Auditor of Jetmall Spices and Masala Ltd with effect from November 7, 2025. The firm was originally appointed at the 12th AGM on September 30, 2024 for a full 5-year term ending at the 17th AGM, making this a mid-term exit. The cited reason was a 'complete change in management' effective September 1, 2025, with the auditor stating they were not acquainted with the new management and their background. The auditor confirmed it had completed the FY2025 audit and the H1 FY2026 limited review (dated November 3, 2025) before resigning, and stated there are no concerns or adverse observations to bring to the attention of members or creditors. The company will need to appoint a new statutory auditor in line with the Companies Act, 2013.
A mid-term auditor resignation triggered by a complete change in management is a notable governance event and may cause short-term uncertainty around the stock. Shareholders should watch for the appointment of a new statutory auditor and any further disclosures about the change in management that prompted this exit.