The Board of Directors have appointed M/s. Arvind Baid & Associates, Chartered Accountants (FRN: 137526W) as the Statutory Auditors to fill the casual vacancy caused due to resignation ....
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The Board of Quantum Digital Vision (India) Ltd met on 11 November 2025 and approved the unaudited standalone financial results for the quarter and half-year ended 30 September 2025. In the same meeting, the Statutory Auditor, M/s Shah Khandelwal Jain & Associates (FRN: 142740W), resigned effective the close of business on 11 November 2025, citing pre-occupation and other commitments. To fill the casual vacancy, the Board appointed M/s Arvind Baid & Associates (FRN: 137526W) as the new Statutory Auditor, subject to member approval. An Extra Ordinary General Meeting notice was also approved. The filing includes the Limited Review Report, balance sheet, P&L, and cash flow statement. As at 30 September 2025, total assets stood at about Rs. 161.25 lakhs, cash and cash equivalents at Rs. 27.97 lakhs, while other equity remained deeply negative at roughly Rs. (1,041.73) lakhs, indicating substantial accumulated losses.
The mid-term change of statutory auditor — with the previous firm stepping down due to workload constraints and a new auditor being appointed to fill the casual vacancy — is a governance event investors should monitor. Combined with persistent negative reserves and modest topline, this signals a small-cap company in a fragile financial position; shareholders may want clarity on the new auditor's review findings.