SRM CONTRACTORS LIMITED has informed the Exchange about Resignation of Statutory Auditor

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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₹501.00

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.1% vs market

Civil Construction peers, median of 87sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 87Pending

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AI summary

SRM Contractors Limited has informed the exchanges that M/s Satyendra Mrinal & Associates, Chartered Accountants (Firm Registration No. 017068N), has resigned as the company's Statutory Auditor effective 1st July 2025. The auditor was originally appointed on 30th November 2021 for a full 5-year term covering FY 2021-22 to FY 2025-26, meaning this is a mid-term exit roughly a year before the scheduled expiry. The reason cited is pre-occupation with other personal and professional commitments, and the auditor has confirmed there are no disputes, governance concerns, or issues of information suppression by management. The resigning firm will still issue the limited review report for the quarter ended 30th June 2025, and an ADT-3 filing with the Registrar of Companies will follow. The company will now need to appoint a new statutory auditor to fill the remaining term.

Likely market impact

For shareholders, this is a routine auditor change with no governance red flags, but the company will need to appoint a replacement auditor soon to avoid any compliance gaps. Short-term stock impact is likely minimal as the resignation is voluntary and for personal reasons.