Resignation of M/s. J. Singh & Associates, Statutory Auditor of the Company
Awaiting price reaction for this filing.
Sellwin Traders Ltd has informed the stock exchanges that its statutory auditor, M/s. J. Singh & Associates (Firm Registration No. 110266W), has resigned with immediate effect from January 15, 2026. The auditor's firm cited internal reasons — the resignation of a key audit partner and acute staff shortages — which left them unable to complete the audit within required timelines. The auditor was originally appointed on September 1, 2023, with a term running until September 30, 2028, meaning this is a midterm exit. The auditor confirmed no concerns about the company's management, financials, or prior audit work, and stated the resignation is purely due to capacity constraints within the audit firm.
The company now needs to appoint a new statutory auditor within the timelines prescribed under the Companies Act, which may cause some procedural delays but does not signal any governance or financial concerns. For shareholders, this is largely a neutral operational event, though an untimely auditor change may warrant watching for the timely appointment and completion of the upcoming audit.