Pursuant to clause (7A) of Para A in Part A of Schedule III under Regulation 30(2) of the SEBI (LODR) Regulations, 2015, we inform you that based on the recommendation of the Audit Committee, ....
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Sarvottam Finvest Ltd informed stock exchanges that its statutory auditor M/s. J Gupta & Co LLP (FRN: 314010E/E300029) has resigned with effect from 30 June 2025, citing ongoing professional commitments and other pre-occupations. J Gupta & Co LLP was originally appointed at the 43rd AGM on 30.09.2022 for a 5-year term ending at the 48th AGM in 2027, making this a mid-term exit. The auditor confirmed there are no concerns, no management-imposed limitations, and no other material reasons for stepping down. The Board, on the Audit Committee's recommendation, approved the appointment of M/s. D. C. Dharewa & Co. (FRN: 322617E) as the new statutory auditor to fill the casual vacancy, effective 30.06.2025, until the next AGM, subject to shareholder approval.
For shareholders, this is a routine auditor change with no governance red flags raised by the outgoing auditor. The new auditor is a Kolkata-based firm and will need shareholder approval at the upcoming AGM, but the transition appears orderly and should not materially impact the stock.