Shanti Overseas (India) Limited has informed the Exchange regarding Change in Auditors of the company.
SHANTI · price
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M/s SPARK & Associates Chartered Accountants LLP has resigned as the Statutory Auditor of Shanti Overseas (India) Limited with effect from 30th September 2025. The firm was originally appointed on 30th September 2024 with a scheduled term until 30th September 2029, meaning it is stepping down after just one year — a clear mid-term exit. The reasons cited are routine: pre-occupancy with other professional assignments and a change in the firm's policies regarding client selection. The auditor confirmed there are no concerns, no management-imposed limitations, and no other material reasons for quitting. Before resigning, the firm had completed the FY 2024-25 audit and the Q1 FY26 limited review, so no pending audit work was left unfinished.
This is a mid-term auditor change, so the company will need to appoint a new statutory auditor shortly. The reasons given are benign and do not point to any governance or financial reporting red flags, which is reassuring for shareholders. Investors should keep an eye on the appointment of the new auditor to ensure a smooth transition.