SRM Contractors Limited has informed the Exchange regarding Change in Auditors of the company.
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M/s Satyendra Mrinal & Associates, Chartered Accountants (ICAI Registration No. 017068N), has resigned as the Statutory Auditor of SRM Contractors Limited, effective July 1, 2025. The auditor was originally appointed for a 5-year term covering FY 2021-22 to FY 2025-26, making this a mid-term exit roughly 3.5 years into the tenure. The reason cited is pre-occupation with other personal and professional commitments, with no concerns raised about management, information suppression, or any disputes. The auditor has confirmed they will still issue the limited review report for the quarter ended June 30, 2025 as required under SEBI rules.
This is a routine mid-term auditor change with no governance red flags. The company will need to appoint a new statutory auditor soon. For shareholders, the clean exit with no concerns flagged suggests no underlying issues, though the stock may see mild short-term attention until a replacement auditor is appointed.