Sejal Glass Limited has informed the Exchange regarding resignation of M/s. CNK and Associates LLP as Statutory Auditor of M/s. Sejal Glass and Glass Manufacturing ProductsLLC, a material subsidiary of the Company, incorporated under the laws of United Arab Emirates(UAE), with effect from November 27, 2025.
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Sejal Glass Limited has informed the exchange that CNK and Associates LLP has resigned as the Statutory Auditor of its material subsidiary, Sejal Glass and Glass Manufacturing Products LLC, which is incorporated in the UAE. The resignation is effective from November 27, 2025. No reason for the resignation has been disclosed in the filing. The subsidiary is classified as a material subsidiary of the listed Indian parent company, meaning its financials significantly impact the consolidated results.
Auditor resignations at material subsidiaries can raise governance red flags and may lead to short-term uncertainty around the subsidiary's financials until a new auditor is appointed. Shareholders should watch for further disclosures on the reason for the resignation and the appointment of a replacement auditor.