Resignation of Statutory Auditor
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Awaiting price reaction for this filing.
Vaxfab Enterprises informed the stock exchanges that M/s SSRV & Associates, Chartered Accountants, has resigned as the company's Statutory Auditor with effect from November 14, 2025. The auditor cited pre-occupation with other assignments as the reason and confirmed they had already completed the limited review for the quarter and half year ended September 30, 2025. SSRV was originally appointed for a 5-year term (FY2022-23 to FY2026-27), so this is a mid-term exit, about 2.5 years into the term. The company has appointed M/s. Chandabhoy & Jassoobhoy, Chartered Accountants (FRN: 101648W), a firm established in 1908, to fill the casual vacancy from November 14, 2025 until the next AGM in 2026, subject to shareholder approval. The outgoing auditor stated there were no governance concerns, no information was withheld by management, and no alternative audit procedures were required.
This is a mid-term auditor change, but the stated reason (preoccupation with other assignments) appears routine rather than indicative of any accounting or governance dispute. The new auditor is a well-established firm, and the transition is subject to shareholder ratification, so near-term impact on the stock is likely limited.