Intimation of Resignation of Statutory Auditor of the Company pursuant to Regulation 30 of Securities and Exchange Board of India (LODR) Regulations, 2015
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SGL Resources Ltd has informed BSE that its statutory auditor, M/s. Manoj Acharya & Associates, Chartered Accountants (FRN: 114984W), has resigned effective 23 June 2025. The auditor cited pre-occupation with other assignments as the reason and stated there were no disagreements with management on financial reporting. Notably, the auditor's appointment for FY 2024-25 had not been approved in the postal ballot held on 24 May 2025, and though the Board re-recommended the firm, the auditor could not take it up due to other commitments. The Board of Directors was informed of the resignation.
Shareholders should watch for the appointment of a new statutory auditor, as the company currently lacks one, which may raise short-term governance concerns but the stated reason is benign (pre-occupation, not disputes). This is a small-cap company (BSE scrip 526544) where auditor changes warrant attention.