Savita Oil Technologies Limited has informed the Exchange regarding Resignation of M/s. Kale & Associates, Cost Accountants as Cost Auditors of the Company w.e.f. May 06, 2025.
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Savita Oil Technologies Limited has informed the stock exchanges that M/s. Kale & Associates, Cost Accountants (Firm Registration No. 001819), have resigned as the Cost Auditors of the Company effective May 6, 2025. The resignation is for the cost audit of the financial year ending March 31, 2025 and is attributed solely to domestic reasons of the proprietor, Mrs. Sampada Kale. The firm has given no objection to the Company appointing any other person or firm as Cost Auditor for FY 2024-25. The resignation has been disclosed under Regulation 30 of SEBI LODR Regulations, 2015, with details provided in Annexure I.
Since this is a cost auditor (not the statutory auditor) stepping down for personal reasons and the Company can appoint a replacement, the impact on shareholders is likely minimal. Investors should watch for the appointment of a new cost auditor to ensure timely completion of the FY25 cost audit.