Intimation of resignation of statutory auditor of the company pursuant to regulation 30 of the SEBI (LODR) Regulations, 2015.
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Springform Technology Ltd informed the BSE that its statutory auditor, M/s Vandana V. Dodhia & Co., Chartered Accountants (FRN: 117812W), has resigned with immediate effect from 13 May 2025. The auditor had completed the FY25 audit and issued its report on 12 May 2025. According to the resignation letter, the change happened because the company's control and management shifted from Mumbai to Delhi following a recent Open Offer, and the new management wanted auditors based in the same state as them. The auditor confirmed there are no other material reasons behind the resignation. The original term was due to expire at the conclusion of the 43rd AGM in 2025, making this a midterm exit. The Board and Audit Committee will appoint a new statutory auditor to fill the casual vacancy.
The resignation itself is procedural and tied to a change of control rather than any audit-related concerns, but shareholders should watch for timely appointment of a new auditor and any governance implications from the recent Open Offer and management shift to Delhi.