Resigantion of M/s, VS Gupta & Company as statutory Auditor of the Company w.e.f 24.09.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Space Incubatrics Technologies Ltd has accepted the resignation of M/s V.S. Gupta & Company, Chartered Accountants, as its Statutory Auditor with effect from September 24, 2025. The auditor cited ill health of their senior partner as the reason for being unable to continue. The firm had been appointed in September 2022 for a 5-year term ending with the AGM in 2027, making this a mid-term exit. The auditor had completed the statutory audit for FY ending March 31, 2025 and the limited review up to June 30, 2025. The Audit Committee noted that the auditor raised no concerns prior to resignation and found the grounds stated to be convincing. As of the filing, no replacement auditor has been announced.
This is a mid-term auditor change, but the stated reason (health) and absence of any flagged concerns reduce governance risk. Investors should watch for the appointment of a new statutory auditor, as a prolonged vacancy could delay the next audit cycle and affect compliance timelines.