SUVIDHAA INFOSERVE LIMITED has informed the Exchange about Resignation of Statutory Auditor
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Suvidhaa Infoserve Limited informed the exchanges that its Statutory Auditor, M/s G.S. Mathur & Co. (FRN: 008744N), has resigned effective August 13, 2025, after submitting the Limited Review Report for Q1 FY26 (quarter ended June 30, 2025). The auditor was originally appointed on September 28, 2021 for a 5-year term ending March 31, 2026, so this is a mid-term exit about 7 months before the scheduled expiry. According to the resignation letter, the reason was a disagreement over audit fees after recent changes in financial reporting and disclosure rules increased the auditor's workload. The auditor has explicitly stated there are no concerns about management, no disputes, and no material reasons behind the exit. The audit for FY25 (ended March 31, 2025) was already completed and signed off on May 29, 2025.
This is a non-adversarial auditor exit driven by fee/scope differences, not governance red flags. The company will need to appoint a new statutory auditor quickly to fill the casual vacancy and complete the Q1 review process. For shareholders, the immediate risk is low, but watch for the new auditor appointment announcement and any unusual qualifications in upcoming reports.