Resigantion of M/s. V.S. Guota & Company, as statutory Auditor of the Copany w.e.f 24.09.2025.
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Space Incubatrics Technologies Ltd announced that M/s V.S. Gupta & Company, Chartered Accountants, has resigned as the company's Statutory Auditor with effect from September 24, 2025. The auditor cited the ill health of their senior partner as the reason for being unable to continue. The auditor had completed the statutory audit up to March 31, 2025, and the limited review up to June 30, 2025. The company had originally appointed V.S. Gupta & Company in September 2022 for a five-year term ending at the 2027 AGM, making this a mid-term exit. The Audit Committee stated that no concerns were raised by the resigning auditor, and found the grounds for resignation convincing.
This is a mid-term auditor change with no reported concerns about the company's books or governance. Shareholders should note the auditor exit and watch for timely appointment of a new statutory auditor to avoid any compliance gaps, though the stated reason (health) appears non-adverse.