Appointment of Secretarial Auditor
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SVA India Ltd's board, at its meeting on February 13, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, along with the limited review report from statutory auditor Jayesh Dadia & Associates LLP. The board noted the resignation of the existing Secretarial Auditor, M/s. Debashish Mukherjee, and appointed M/s. Somani & Associates (led by Ms. Poonam Somani, FCS 9364) as the new Secretarial Auditor to fill the casual vacancy for FY 2025-26 until the next AGM. The same firm was also appointed as Scrutinizer for the upcoming Extra-Ordinary General Meeting. The auditor flagged an Emphasis of Matter regarding the impact of new labour codes notified by the Government of India on November 21, 2025, on the definition of wages and gratuity liabilities, with no adjustments made in the current results pending finalization by March 31, 2026.
Routine quarterly results and a mid-year change of the secretarial auditor are largely procedural and should not materially affect shareholders. Investors should watch for the EGM outcome and any future adjustments related to the new labour codes, which could impact future gratuity and wage expenses.