Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Resignation of Statutory Auditor
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Varyaa Creations Ltd has informed BSE that its statutory auditor, M/s NBT & Co., Chartered Accountants (Firm Registration No. 140489W), has resigned effective April 7, 2025. The auditor cited being engaged in multiple assignments that demand significant time and resources, combined with the current fee arrangement, making it unable to continue providing the required attention. The company has attached the auditor's resignation letter along with Annexure A disclosing the relevant details as required under SEBI LODR regulations. No replacement auditor has been announced yet.
Auditor resignations mid-term, especially those citing fee or workload concerns, can raise governance red flags for retail investors and may lead to short-term uncertainty until a new statutory auditor is appointed. Shareholders should watch for the company's announcement of a replacement auditor.