We wish to inform you that M/s VJ Shah & Co., Chartered Accountants vide their resignation letter dated 8th May, 2026 have resigned as the Statutory Auditor of the Company and its subsidiaries ....
SKYGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VJ Shah & Co., Chartered Accountants has resigned as the Statutory Auditor of Sky Gold and Diamonds Ltd and its three wholly-owned subsidiaries effective May 8, 2026. The auditor cited a material and significant increase in the scope of statutory audit due to the company's acquisition of additional subsidiaries including a foreign subsidiary as the reason for resignation. The firm was appointed in September 2025 for a 5-year term but will only complete the audit for FY 2025-26 before exiting. The company has stated it will appoint a new auditor to fill the vacancy. The auditor confirmed there is no disagreement with management and no concerns regarding the integrity of financial records.
This mid-term resignation creates a temporary gap in audit oversight for the listed entity and its subsidiaries. While the outgoing auditor has clarified no disputes with management, investors should monitor for the appointment of a new statutory auditor and any impact on financial reporting timelines.