Suvidhaa Infoserve Limited has informed the Exchange regarding Change in Auditors of the company.
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G.S. Mathur & Co., Chartered Accountants (FRN: 008744N) have resigned as the Statutory Auditors of Suvidhaa Infoserve Limited, effective August 13, 2025. The firm was originally appointed in September 2021 for a 5-year term ending with the 2026 AGM, meaning this is a mid-term exit roughly 9 months before the scheduled end. The auditor cited increased scope of work due to recent changes in financial reporting and disclosure requirements, which led to a proposed hike in audit fees that did not materialise. No concerns were flagged about the management or the accuracy of information provided. The company will appoint a new auditor to fill the casual vacancy in due course.
This is a mid-term auditor change driven by a fee/scope disagreement rather than governance issues, which is mildly negative sentiment but not alarming. Shareholders should watch for the appointment of the new statutory auditor and any related disclosures, as frequent auditor changes can sometimes raise governance questions.