Reply in respect of discrepancy related to delay in submission of information regarding resignation
Awaiting price reaction for this filing.
Omega Interactive Technologies informed BSE about the resignation of its statutory auditor, M/s. Desai Saksena & Associates (Firm Reg. No. 102358W), with effect from March 31, 2025. The resignation letter was received via email on April 05, 2025, and the company filed its intimation with the exchange on April 07, 2025. BSE flagged this as a delay beyond the 24-hour timeline required under SEBI LODR Regulations and SEBI's November 11, 2024 master circular for auditor resignations. The company apologized for the delay, blaming late receipt of the auditor's resignation letter, and requested BSE not to take any further action.
This is a procedural compliance lapse with no direct financial impact on shareholders. Investors should note the change in statutory auditor, but the company's explanation suggests the delay was procedural rather than indicative of deeper governance issues. Continued monitoring is warranted if BSE imposes any penalty.