Resignation of Statutory Auditor of the Company
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M/s. SDG & Co Chartered Accountants (FRN: 137864W) has resigned as the Statutory Auditor of Triveni Enterprises Ltd, effective from the close of business on August 14, 2025. The firm was originally appointed on September 4, 2024, with a scheduled term running until March 31, 2029, making this a mid-term exit less than a year into its tenure. The reason cited is pre-occupancy with other professional engagements, leaving them unable to devote sufficient time and resources to the audit. The auditor confirmed there are no concerns about the company's management and no other material reasons behind the resignation. The last limited review submitted by SDG & Co was for the quarter ended June 30, 2025. The Audit Committee and Board will appoint a new statutory auditor in due course.
No governance red flags have been raised by the outgoing auditor, which is reassuring for shareholders. However, investors should watch for the timely appointment of a replacement auditor, as a prolonged vacancy could delay future audit work or filings.