Noting of resignation from the existing Statutory auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Soma Papers & Industries Ltd informed BSE about the outcome of its board meeting held on 14 November 2025. The board approved the unaudited financial results for the quarter and half-year ended 30 September 2025, along with the limited review report. Separately, the company's statutory auditors, M/s. GMJ & Co., Chartered Accountants, resigned with immediate effect from 14 November 2025, well before their term was due to end at the 37th AGM in 2028. The auditors cited the company's decision to undertake a group-wide consolidation and realignment of audit engagements as the reason, and confirmed there were no other concerns regarding management or the financial statements.
This is a routine auditor change driven by the company's own restructuring plans rather than any audit concerns, which should be viewed as neutral. However, investors should watch for the appointment of a new statutory auditor in the coming weeks to avoid any governance gaps.