StockWatch
·
Residential- Commercial Projects
Auditor3 Jul 2026, 02:46 pm

S V Global Mill Ltd Statutory Auditors Resign

AI Summary

S V Global Mill Ltd announced that its statutory auditors, M/s. S. Viswanathan LLP Chartered Accountants, have tendered their resignation effective July 3rd, 2026. The auditors cited increasing professional effort and resource challenges in conducting audits for listed companies of the company's size as the reason for their resignation. They confirmed that their resignation is not due to any inability to obtain audit evidence or any dispute with the management. The Audit Committee and Board of Directors have taken note and will propose a new auditor, subject to shareholder approval. The auditors have issued their report for the year ended March 31, 2026, on May 25, 2026.

Key Highlights

  • Statutory auditors M/s. S. Viswanathan LLP have resigned.
  • Resignation is effective from July 3rd, 2026.
  • Auditors cite increased audit complexity and resource challenges.
  • No disputes with management or issues with audit evidence.
  • New auditor appointment subject to shareholder approval.