Grameva Limited has disclosed the resignation of its statutory auditor, M/s. Amit Ray & Co., Chartered Accountants (Firm Registration No. 000483C), effective 25th May 2026. The resignation was tendered via letter dated 25th May 2026.
The resigning auditor confirmed that there are no concerns or issues raised about the company's management and no disagreement with management on any matter relating to financial statements or audit process. The resignation was solely due to professional and resource constraints as stated in the resignation letter.
Amit Ray & Co. was appointed as statutory auditors for a 5-year term from FY2023-24 to FY2027-28 at the 56th Annual General Meeting held on 30th September 2023. They had completed the statutory audit for the financial year ended 31st March 2026 and issued their audit report on 20th May 2026. The auditor also confirmed they will issue the limited review report for the quarter ending June 30, 2026.
The Audit Committee will take note of the resignation in accordance with applicable regulatory requirements. The Board of Directors will consider appointing a new statutory auditor to fill the casual vacancy caused by this resignation, subject to applicable approvals.
The disclosure includes Annexure A with details required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, confirming the reason for change as "Resignation" with cessation date of 25th May 2026.
The auditor's resignation letter specifically mentions that increasing scope, regulatory expectations, compliance requirements, and reporting responsibilities for listed entity audits, combined with constraints in availability of adequate audit resources, led to their decision to resign. They will file ADT-3 with the Registrar of Companies as required under the Companies Act, 2013.