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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of S.V.J. Enterprises, at its meeting on May 29, 2025, accepted the resignation of statutory auditor M/s PSV Jain & Associates (FRN 131505W), effective immediately, citing pre-occupation with other assignments. The outgoing auditor raised no concerns and had no objection to a new auditor being appointed. In its place, M/s Bhasin Hota & Co (FRN 509935E) was appointed as statutory auditor to fill the casual vacancy and conduct the FY25 audit, pending shareholder approval at the next general meeting. The board also approved the audited financial results for the half-year and full year ended March 31, 2025, and appointed S K Dwivedi & Associates as Secretarial Auditor for FY 2024-25. The new statutory auditor issued an unmodified (clean) opinion on the FY25 standalone financial statements.
Mid-term auditor change shortly before AGM-season filings is worth flagging, but the stated reason is workload-related rather than governance-related, and the books received a clean audit opinion — likely neutral to mildly negative sentiment for retail investors in the near term.