Audit committee''s view on the resignation statutory auditor of the company.
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Valencia India Ltd's Audit Committee met on January 2, 2026, to review the resignation of its statutory auditor, M/s. Doshi Doshi & Co (Registration No. 153683W), who resigned via letter dated December 15, 2025. The Committee noted the reasons given by the auditor and confirmed that no concerns were raised regarding management conduct, information availability, or the quality of financial reporting. The Committee verified that sufficient information was provided to the auditor during their tenure, no unresolved issues remained, and the resignation has no adverse impact on the integrity of the company's financial statements. The Committee appreciated the auditor's services and confirmed compliance with all applicable regulatory requirements.
This is a clean, orderly auditor transition with no governance red flags raised, which is reassuring for shareholders. However, any mid-term statutory auditor change warrants close monitoring to ensure a new auditor is appointed promptly without disrupting the audit cycle.