Statutory auditor of material subsidiary Oneworld Logistics resigns
TOTAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
V R Sabnis And Associates has resigned as statutory auditor of Oneworld Logistics Private Limited, a material subsidiary of Total Transport Systems, effective July 1, 2026. The firm cited internal restructuring, stating assurance work for listed entities will move to its sister firm VRSKD and Co. The auditor had completed the June 2026 quarter limited review before stepping down. The firm was originally appointed on September 30, 2023 with a term running until the 2028 AGM. No concerns about the company or its management were flagged.
Routine auditor switch driven by firm restructuring, not governance red flags. Minimal stock impact expected, but keep an eye on new auditor appointment for the subsidiary.