Resignation of Statutory Auditor''s of the company
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Awaiting price reaction for this filing.
M/s. Doshi Doshi & Co, Chartered Accountants (FRN: 153683W) has resigned as the statutory auditor of Vrundavan Plantation Ltd with effect from December 16, 2025. The firm was originally appointed on September 28, 2024 for a full 5-year term running until the 2029 AGM, making this a mid-term exit roughly 15 months into the tenure. The stated reason is preoccupation with other assignments and inability to devote adequate time to the audit. The auditor has confirmed there are no concerns about the company's management, no material reasons beyond what is stated, and no information gaps encountered during the audit. The company's last completed work with the auditor was the limited review of half-yearly results ended September 30, 2025, with the review report issued on November 11, 2025. The Audit Committee and Board will appoint a new statutory auditor in due course to fill the casual vacancy.
This is largely an administrative change with a benign stated reason, and the absence of any flagged concerns is reassuring. However, any mid-term auditor exit invites scrutiny, so investors should watch for timely appointment of a replacement auditor and any red flags in forthcoming disclosures.