Revised Intimation
Price
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Varyaa Creations Ltd has submitted a revised intimation to BSE regarding the resignation of its statutory auditor, M/s NBT & Co., Chartered Accountants, effective April 7, 2025. The auditor stepped down citing its engagement in multiple assignments that required substantial time and resources, combined with the current fee arrangement making it difficult to continue dedicating adequate attention. NBT & Co was originally appointed on September 30, 2023, and its term was set to expire at the conclusion of the company's 2nd Annual General Meeting in 2025, making this a mid-term exit. The last report submitted by the auditor was a limited review for the half-year ended September 30, 2024, and no concerns or withheld information were flagged.
Shareholders should note that the company now needs to appoint a new statutory auditor before the 2025 AGM to ensure uninterrupted audit coverage. Auditor changes can sometimes raise governance questions, but in this case the reason appears operational on the auditor's side rather than a dispute with the company, which is a relatively neutral signal for the stock.