Suvidhaa Infoserve Limited has informed the Exchange regarding Resignation of Ms as Other of the company w.e.f. August 13, 2025.
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Suvidhaa Infoserve Limited has informed the stock exchanges that its statutory auditor, M/s. G.S. Mathur & Co., Chartered Accountants (FRN: 008744N), has resigned effective August 13, 2025. The auditor was originally appointed on September 28, 2021, for a 5-year term ending with the 2026 AGM, so this is a mid-term exit roughly 8 months before the scheduled end. According to the resignation letter, the auditor cited increased scope and reporting requirements under recent changes to financial reporting and disclosure rules, which demanded additional audit procedures and time. They had proposed a hike in audit fees, and after reassessing their ability to continue under ICAI's Standards on Auditing and Quality Control, they chose to step down. The auditor confirmed there are no disputes with management, no concerns about information provided, and they completed the FY25 audit (report dated May 29, 2025) and were submitting the Q1 FY26 limited review report before exiting. The company will appoint a new statutory auditor to fill the casual vacancy in due course.
This is a routine mid-term auditor change driven by fee/scope disagreements rather than any governance red flag — the auditor explicitly stated no concerns about management or financials. Shareholders should watch for the appointment of the new auditor, as frequent auditor changes can sometimes raise questions, but in this case the reasons are operational rather than contentious. Short-term stock impact is likely minimal.