Solex Energy Limited has informed the Exchange regarding Change in Auditors of the company.
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Solex Energy Limited has informed the stock exchange that M/s. HRK & Co., Chartered Accountants (FRN: 146985W) have resigned as the company's Statutory Auditors, effective from the close of business hours on August 23, 2025. The resignation letter was received by the company on August 25, 2025. The auditor cited increased professional workload and realignment of internal resources and client portfolio as the reason, stating they could not dedicate adequate time to meet audit quality standards for a listed entity. The auditor confirmed there are no disputes or concerns with the company's management, and had already completed the statutory audit for FY ending March 31, 2025, issuing audit reports on May 12, 2025.
This is a mid-term auditor change after the FY25 audit was already completed, and the stated reason is a benign workload issue with no governance red flags. Shareholders should watch for the appointment of a new statutory auditor soon, as a listed company cannot operate without one for long. Near-term stock impact is likely limited given the routine nature of the explanation.