Intimation of Resignation of Statutory Auditors of the Company on 12th August, 2025.
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Shreeji Translogistics Ltd's statutory auditor, M/s. Sanjay C. Shah & Associates, Chartered Accountants, has resigned with effect from 12th August 2025. The auditor had been appointed just under a year ago, on 30th September 2024, for a full five-year term ending in 2029. The reason cited is purely commercial — the firm felt its audit fees were too low compared to the work involved, and the company declined its request for a fee increase, asking it to continue at existing rates for the next two years. The auditor had already completed the Q1 FY26 (quarter ended 30th June 2025) limited review on 11th August 2025. Importantly, the auditor has raised no concerns about the company's management, books, or financial statements. The Board and Audit Committee will appoint a new auditor to fill the casual vacancy.
This is a fee-driven auditor exit rather than a governance red flag, since the auditor explicitly confirmed no concerns about management or financials. However, shareholders should watch for the appointment of a new auditor, as frequent auditor changes can sometimes raise questions. Near-term impact on the stock is likely limited.