Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015- To approve appointment of M/s HAY & Associates LLP, Chatered Accountants (FRN: ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Valencia Nutrition Ltd's board has accepted the resignation of its statutory auditor M/s. Shah & Modi, Chartered Accountants (FRN: 112426W), effective August 13, 2025, citing preoccupation and other professional commitments. The outgoing auditor was originally appointed on September 28, 2021, with their term set to expire at the 13th AGM in 2026, making this a midterm exit. The board confirmed that no concerns or audit issues were raised by Shah & Modi, and there is a pending fee of Rs. 7.08 Lakhs owed to them. The board also approved the appointment of 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.
Auditor changes mid-term can raise eyebrows, but this appears routine — the stated reason is operational (preoccupation) and no governance red flags were reported. Retail investors should note that shareholder approval is pending for the new auditor appointment, and a small unpaid fee to the outgoing auditor is an administrative matter, not a financial risk.