Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ("SEBI Listing Regulation")-To take note of resignation of Statutory Auditor- M/s ....
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Valencia Nutrition's board, at its meeting on August 14, 2025, accepted the resignation of statutory auditor M/s. Shah & Modi (FRN: 112426W), effective August 13, 2025, citing preoccupation and other professional commitments. Shah & Modi had been auditor since September 28, 2021, with the term scheduled to run until the 2026 AGM, making this a mid-term exit. The outgoing auditor raised no concerns about the company and confirmed no other reasons behind the resignation. The board simultaneously appointed M/s. HAY & Associates LLP (FRN: 104106W/W100984), a Mumbai-based firm established in 1986, as the new statutory auditor for a five-year term, subject to shareholder approval.
The auditor change is procedural and not flagged as governance-related, so it is unlikely to move the stock meaningfully. Investors should note that the audit committee moved quickly to appoint a replacement, helping maintain continuity of audit work for the current financial year.