Intimation regarding resignation of the Statutory Auditor of the Company
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Sahara Maritime Limited's statutory auditor M/s G A M P & Co. (Firm Registration No. 031165N) has tendered resignation effective May 28, 2026. The auditor cited pre-occupation in other professional engagements and ongoing assignments as the reason, stating inability to devote adequate time and resources to the company's audit. The company clarified that no concerns were raised by the resigning auditor regarding management and that no material reason exists for the resignation. The Audit Committee and Board will consider appointing new statutory auditors to fill the casual vacancy in due course.
The mid-term resignation of the statutory auditor creates a casual vacancy that the company must fill. While no red flags are raised by the auditor, any delay in appointing a replacement could impact timely audit completion and financial reporting.