Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, Board of Directors based on recommendation of Audit committee, approved appointment of M/s Sumit Bharti & Associates, Chartered ....
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The Board of Super Fine Knitters Ltd, at its meeting on September 5, 2025, fixed the 27th Annual General Meeting for September 30, 2025 at 10:00 a.m. at the registered office in Ludhiana, with the cut-off date for e-voting set as September 19, 2025. The key corporate action is the resignation of statutory auditor M/s. R.K. Deepak & Co. (FRN: 003145N) with effect from September 5, 2025, citing pre-occupation and unavoidable circumstances that prevented them from devoting sufficient time, with the auditor confirming there are no other material reasons. To fill the casual vacancy, the Board approved the appointment of M/s. Sumit Bharti & Associates, Chartered Accountants (FRN: 015301N), subject to shareholder approval at the ensuing AGM. The new auditor's eligibility certificate under Section 141 of the Companies Act, 2013 was also enclosed.
Mid-term resignation of a statutory auditor is a notable event for shareholders to watch. While the cited reason (pre-occupation) is benign and the company has quickly appointed a replacement with a valid peer review certificate, any unexpected auditor change warrants attention as it may sometimes hint at underlying governance or accounting concerns. Investors should review the AGM notice and director's report when issued for further clarity.