to take on record the resignation of current statutory auditors M/s A Y & Company, Chartered Accountant (Firm Registration No. 020829C) and appointment of M/s G A M P & Co, Chartered Accountants ....
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The Board of Directors of Sahara Maritime Ltd, at its meeting on 11 September 2025, accepted the resignation of its current statutory auditor, M/s A Y & Company (FRN 020829C). In its place, the Board approved the appointment of M/s G A M P & Co, Chartered Accountants (FRN 031165N), as the new statutory auditor, subject to shareholder approval at the upcoming 16th Annual General Meeting. The Board also approved an addendum to the notice of the 16th AGM. No reasons for the auditor's resignation were disclosed in this filing; separate disclosures have been made to the stock exchange as required.
A mid-term statutory auditor change can be a red flag for retail investors, as it may indicate governance concerns, disagreements over accounting, or other internal issues. Shareholders should watch for the detailed resignation reasons in the separate BSE filing and the new auditor's response at the AGM before drawing conclusions about its effect on the stock.