ShreeOswal Seeds And Chemicals Limited has informed the Exchange regarding Resignation of J.C. Baheti & Associates, Chartered Accountants as StatutoryAuditors of the Material Subsidiary Company i.e. SHREEOSWAL PSYLLIUM EXPORTS INDIALIMITED of the company w.e.f. August 12, 2025.
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J.C. Baheti & Associates, Chartered Accountants (FRN: 003390C) have resigned as Statutory Auditors of ShreeOswal's material subsidiary, Shreeoswal Psyllium Exports India Limited, effective August 12, 2025. The auditor was originally appointed in September 2023 for the period 2023-24 to 2027-28, making this a mid-term exit nearly two years before the scheduled end of their tenure. The stated reason is insufficient remuneration relative to the time and distance involved in conducting the audit. The latest audit report submitted was for FY ending 31st March 2025 (filed on 30th May 2025), and the auditor completed the limited review for Q1 FY26 (quarter ending 30th June 2025) before stepping down. The subsidiary's board will appoint a new auditor to fill the casual vacancy.
This is a routine auditor change for the subsidiary, but investors should note that the resignation was triggered by fee disagreements rather than governance concerns. The subsidiary will need to appoint a replacement auditor quickly to avoid any audit delays in upcoming financial reporting cycles.