The Board of Directors of the Company in its meeting held today i.e. Thursday, May 29t h, 2025, inter-alia has approved the following: 1. Resignation of M/s. PSV Jain & Associates (FRN: ....
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The board of S.V.J. Enterprises met on May 29, 2025 and approved four key items. Statutory Auditor M/s PSV Jain & Associates (FRN: 131505W) resigned with immediate effect, citing pre-occupation in other assignments; the company states no concerns were raised by the outgoing auditor. M/s Bhasin Hota & Co (FRN: 509935E) has been appointed in the resulting 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, with the new auditor issuing an unmodified (clean) opinion. Additionally, S K Dwivedi & Associates was appointed as Secretarial Auditor for FY 2024-25.
A mid-term statutory auditor change warrants attention, but the cited reason (pre-occupation) is routine and the outgoing auditor raised no issues. The clean audit opinion on FY25 results is reassuring for shareholders; the new auditor's appointment needs shareholder ratification at the upcoming AGM.