Audited Standalone Financial Results for the half year and year ended March 31, 2025
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S. V. J. Enterprises Limited's Board, at its meeting on May 29, 2025, approved the audited standalone financial results for the half year and year ended March 31, 2025. The new Statutory Auditor, Bhasin Hota & Co, issued an unmodified (clean) opinion on the results. In a related change, the previous Statutory Auditor, PSV Jain & Associates, resigned citing pre-occupation in other assignments, with the company noting no concerns were raised. Bhasin Hota & Co has been appointed in the casual vacancy to audit FY25, subject to shareholder approval. S K Dwivedi & Associates was also appointed as Secretarial Auditor for FY 2024-25.
The auditor change is procedural and was triggered by the outgoing auditor's workload, not any disagreement, and the clean audit opinion supports a stable financial picture. Shareholders should monitor the FY25 results and the ratification of the new auditor at the upcoming AGM.