Resignation of Statutory Auditor of the Company upon completion of their tenure
Awaiting price reaction for this filing.
Value Industries Ltd informed stock exchanges that M/s. KVA & Company, Chartered Accountants (FRN 017771C), has resigned as Statutory Auditor of the company effective September 5, 2025. The auditor was originally appointed on June 27, 2022, to hold office until the conclusion of the AGM for FY 2023-24, and their tenure has now ended. The auditor explicitly stated there are no other material reasons for resignation beyond completion of tenure, and no concerns or limitations were flagged. The company has been under Corporate Insolvency Resolution Process (CIRP) since the NCLT order of September 5, 2018, with Abhijit Guhathakurta acting as the Resolution Professional.
This is a routine, tenure-end change of statutory auditor with no adverse reasons cited, so it is a procedural matter and not expected to materially impact shareholders or the stock price. Investors should note the company remains under the ongoing CIRP process, which continues to be the key factor for the stock.