Auditor change at S V Global Mill; new firm appointed mid-term
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S V Global Mill's statutory auditor M/s S. Viswanathan LLP has resigned mid-term, creating a casual vacancy. The Board, on the Audit Committee's recommendation, has appointed M/s Senthil Kumar and Sundararajan (FRN 011750S), a Sivakasi-based firm founded in 2007 with offices in Chennai, Tiruppur and Pondicherry, effective 3 July 2026 until the next AGM. The Board also recommends the new firm for a full 5-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval at the 19th AGM.
Mid-term auditor exits can sometimes flag governance or accounting concerns. The reason for the prior auditor's resignation is not stated, so shareholders may want clarity at the AGM.