We wish to inform that M/s A Y & Company, Chatered Accountants (FRN 020829C) Statutory Auditors of the Company have tendered their resignation vide letter dated 9th September 2025 informing ....
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Sahara Maritime Limited informed BSE that its Statutory Auditor, M/s A Y & Company (FRN 020829C), resigned via letter dated 9 September 2025, effective the same day. The auditor was originally appointed at the AGM on 30 September 2022 with a term running until the conclusion of the 18th AGM in 2027, making this a midterm exit. The stated reason is pre-occupation in other assignments, with the auditor confirming no concerns about management and no other material reasons for leaving. The company's Audit Committee and Board will appoint a new statutory auditor in due course to fill the casual vacancy.
Midterm auditor exits can raise governance concerns, though here the auditor explicitly flagged no issues with management. Investors should watch for timely appointment of a replacement and any follow-up disclosures, as a prolonged vacancy or lack of clarity could weigh on the stock.