Resignation of Statutory Auditors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Quantum Digital Vision (India) Ltd announced the resignation of its statutory auditor M/s Shah Khandelwal Jain & Associates (FRN: 142740W) with effect from November 11, 2025, citing pre-occupation and other commitments. To fill the casual vacancy, the board approved the appointment of M/s Arvind Baid & Associates (FRN: 137526W) as the new statutory auditor, subject to shareholder approval at an upcoming EGM. The board also approved the unaudited standalone financial results for Q2 and H1 FY26 (ended September 30, 2025), which showed total income of Rs. 1.61 lakhs for the quarter and a marginal profit of Rs. 0.10 lakhs. Total assets stood at Rs. 161.25 lakhs while other equity remained deeply negative at Rs. (1,041.73) lakhs, indicating accumulated losses.
The mid-term auditor change may raise minor governance concerns among investors, though a replacement has already been lined up. The company's negligible revenue, continued negative reserves, and small profit base suggest weak financial health, which shareholders should monitor closely.