Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 pleas e be informed that M/s. S K Nirankar & Associates has resigned from the Office of Secretarial Auditors of the Company with ....
Awaiting price reaction for this filing.
SRM Energy Limited informed the BSE that M/s S K Nirankar & Associates has resigned as the company's Secretarial Auditor with immediate effect from March 16, 2026. The reason given is that the new management is exploring another firm of Practicing Company Secretaries to act as Secretarial Auditors. This is a mid-term resignation, not a routine end-of-term change. The Audit Committee and Board will consider appointing a new Secretarial Auditor in due course and will inform the stock exchange accordingly. The Managing Director, Umesh Narpatchand Sanghvi, signed the disclosure letter.
Mid-term auditor resignations can raise governance red flags for investors, especially when linked to a 'new management' transition. Shareholders should monitor the appointment of the new Secretarial Auditor and any further disclosures about changes in company management, as these could signal broader corporate restructuring.