Tvs Supply Chain Solutions Limited has informed the Exchange regarding Resignation of Ms Ernst & Young LLP UK as Statutory Auditors of TVS Logistics Investment UK Limited, RICO Logistics Limited, UK and TVS Supply Chain Solutions Limited., UK, Material Subsidiaries of the Company w.e.f. April 04, 2025..
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TVS Supply Chain Solutions Limited has informed the stock exchange that Ernst & Young LLP (UK) has resigned as Statutory Auditor of three of the company's UK-based material subsidiaries: TVS Logistics Investment UK Limited, RICO Logistics Limited (UK), and TVS Supply Chain Solutions Limited (UK). The resignation takes effect from April 04, 2025. These are described as material subsidiaries of the listed parent company. No reason for the resignation or details on the incoming auditor have been disclosed in this filing.
Auditor changes at material subsidiaries warrant attention from shareholders, as unexpected mid-term resignations can sometimes raise governance or accounting concerns. Investors should watch for follow-up disclosures on the reason for the exit and the appointment of a replacement auditor to assess any underlying risk.