Resignation of statutory Auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SVA India Ltd's statutory auditor, M/s NBS & Co Chartered Accountants (FRN: 110100W), has tendered its resignation effective November 14, 2025. The auditor cited pre-occupation with other professional engagements as the reason and confirmed it cannot continue for FY 2025-26 and onwards. Importantly, the resigning auditor raised no concerns about the company's management, and the company states there is no material reason for the resignation. The Audit Committee and Board will appoint a new statutory auditor in due course to fill the casual vacancy caused by this exit.
This is a routine mid-term auditor exit driven by the auditor's workload rather than any governance or financial concerns at the company. Shareholders should note that the company needs to appoint a replacement auditor soon, and any unusual delays in doing so could be a minor watchpoint.