Intimation regarding the resignation of the statutory auditor of the company.
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Onesource Industries And Ventures Ltd has accepted the resignation of its statutory auditor, M/s S V J K and Associates (Chartered Accountants, FRN: 135182W), effective August 12, 2025. The auditor cited a busy schedule and heavy workload as the reason for stepping down, and confirmed there are no other material reasons for the resignation. The auditor was originally appointed at the 29th Annual General Meeting on September 30, 2023, with a term scheduled to run until the 34th AGM in 2027-28, making this a mid-term exit nearly three years ahead of schedule. The latest limited review report submitted was for the quarter ended June 30, 2025, issued on the same day as the resignation. The company has described the separation as amicable and mutual, and is in the process of appointing a new statutory auditor.
Mid-term auditor exits can raise governance questions for retail investors, though here the cited reason (workload) is routine and no concerns about financial statements or management limitations were flagged. Investors should watch for the upcoming announcement of a new statutory auditor, as a quick and credible replacement will help maintain confidence in the company's financial oversight.