United Drilling Tools Limited has informed the Exchange regarding Resignation of Ms Sarupria Somani Associates as Other of the company w.e.f. July 23, 2025.
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M/s Sarupria Somani & Associates, Chartered Accountants (FRN 010674C), has resigned as the Statutory Auditor of United Drilling Tools Limited with effect from July 23, 2025. The firm was originally appointed at the 41st AGM on September 26, 2023 for a 2-year term ending at the 43rd AGM in 2025. The reason for resignation is that the firm's peer review certificate has expired and a renewed certificate has not yet been received, making them ineligible to continue auditing a listed company under SEBI (LODR) Regulation 33(1)(d). The auditor had completed the FY 2024-25 audit, with the report dated May 29, 2025, and stated there are no concerns about the company's management and no other material reason for the resignation.
This is a routine, technical resignation driven by a regulatory eligibility issue (expired peer review certificate) rather than any governance or audit concerns. Shareholders should not read this as a red flag; the company will need to appoint a new statutory auditor, and the resigning firm has extended its no-objection and support to the incoming auditor.