Appointment of Statutory Auditors in casual vacancy
Price
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Awaiting price reaction for this filing.
On May 29, 2025, the board of S.V.J. Enterprises accepted the immediate resignation of statutory auditor M/s PSV Jain & Associates, who stepped down citing pre-occupation with other assignments and raised no concerns about the company. M/s Bhasin Hota & Co was appointed as the new statutory auditor in the casual vacancy to audit FY25, subject to shareholder approval at the next AGM. The board also approved the audited financial results for the half-year and year ended March 31, 2025, on which the new auditor issued an unmodified (clean) opinion, and appointed S K Dwivedi & Associates as secretarial auditor for FY25.
Routine auditor change with no adverse remarks from the outgoing auditor and a clean audit opinion on FY25 results — neutral to slightly positive for shareholders, with minimal price impact expected.