Resignation of S G C O & LLP as Statutory Auditor of the Company as per resignation letter dated June 11, 2025
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Vishvprabha Ventures Ltd has informed the BSE that M/s. SGCO & Co. LLP, Chartered Accountants (FRN: 112081W/W100184), has resigned as the Statutory Auditor of the company effective June 11, 2025. The auditor cited pre-occupation and prior commitments as the reason for stepping down. The firm was originally appointed on September 29, 2021, and its term was scheduled to run until the conclusion of the 42nd Annual General Meeting in FY 2025-26. The auditor confirmed it had no concerns, issues, or material reasons other than those stated, and the Audit Committee and Board recorded their appreciation for the firm's contributions.
The company will need to appoint a new statutory auditor to fill the vacancy well before the 42nd AGM. Since the resignation was due to the auditor's pre-occupation rather than any governance or audit concerns, the immediate impact on shareholders is likely neutral, though the timing may raise minor governance questions typical of mid-term auditor changes.