Key Event Details
M/s. PAMS & Associates, Chartered Accountants (Firm Registration No. 316079E), statutory auditor of Sanmit Infra Limited, expressed unwillingness to continue as statutory auditor via letter dated June 12, 2026. The resignation is effective from June 12, 2026.
Reason for Resignation
The resignation is due to geographical constraints as the auditor's firm is based in Bhubaneswar while the company's registered office and operations are located in Mumbai. The auditor previously operated through a Mumbai branch that closed in 2024, making it impractical to efficiently conduct audit procedures and meet the compliance requirements of a listed entity from their Bhubaneswar office.
Auditor's Confirmations
The resigning auditor confirmed:
- No other material reasons for resignation beyond geographical constraints
- No unresolved issues or qualifications requiring attention of members or creditors
- Intention to file Form ADT-3 with the Registrar of Companies within prescribed time
Company Response
The Audit Committee and Board of Directors will:
- Take note of the resignation in their upcoming meetings
- Take necessary steps to fill the casual vacancy caused by the resignation
- Appoint a new statutory auditor
Management Details
Sanjay Makhija, Managing Director (DIN: 00586770) signed the disclosure on behalf of the company.
Financial Impact
Financial impact not quantified in the disclosure.