Statutory Auditor PAMS and Associates resigns mid-term
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanmit Infra Ltd's statutory auditor M/s PAMS and Associates Chartered Accountants resigned effective 12 June 2026, citing geographical constraints. The firm is based in Bhubaneswar while the company operates from Mumbai, and its Mumbai branch closed in 2024, making audit management difficult. The auditor confirms no other material reasons, no unresolved issues, and no qualifications. The audit report for FY ending 31 March 2026 was already submitted on 28 May 2026. The auditor's term was originally scheduled to expire at the 2028 AGM. The board will appoint a new auditor to fill the casual vacancy.
Mid-term exit driven by logistics rather than governance concerns. Company must appoint a new statutory auditor soon; a routine but watchworthy event.