SONAM LIMITED has informed the Exchange regarding Resignation of SVK & Associates as , statutory auditor as Other of the company w.e.f. May 30, 2025.
SONAMLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sonam Limited's statutory auditor, SVK & Associates (Chartered Accountants, Ahmedabad), has resigned effective end of business day on May 30, 2025. The firm was originally re-appointed on September 22, 2023 for a 5-year term that was scheduled to run until March 31, 2028, making this a midterm exit roughly three years ahead of schedule. The stated reason is that the firm and its partners want to focus more on professional services other than auditing. Importantly, the auditor confirms it had already completed the FY24-25 statutory audit, with the latest report signed on May 9, 2025. No concerns, disagreements, or limitations in obtaining information from management have been flagged.
The resignation appears routine and non-adverse — the auditor cites a strategic shift away from audit work rather than any dispute with the company. Shareholders should note that Sonam will need to appoint a replacement statutory auditor at the upcoming AGM, and any unusual delay in doing so could become a compliance issue. No immediate red flag for the stock, but watch for disclosure of the new auditor.