Sylph Industries Limited has disclosed the resignation of its statutory auditor, FHMSV & Co. Chartered Accountants (Firm Reg. No 128276W), pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The resignation was tendered via letter dated 06th August, 2026 and is effective from close of business hours on 06th August, 2026. The primary reason for resignation is the dissolution of the audit firm, resulting in the cessation of its legal identity and consequent inability to continue as statutory auditors.
Key Details from Resignation Letter:
- FHMSV & Co. completed the statutory audit of both Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026
- Independent Auditors' Reports were issued on 01st June, 2026
- The firm will be unable to undertake the Limited Review of unaudited financial results for the quarter ending 30th June, 2026
- Future audit/review of subsequent quarterly and annual financial results as required under Regulation 33 cannot be performed
Auditor Confirmations:
- No concerns, disputes or issues with the management of the Company
- No information or circumstances requiring further disclosure under Regulation 30 read with Schedule III beyond the stated reason
- Completion and signing of Independent Auditors' Reports for FY2025-26
Annexure I Details:
- Auditor appointed on: 22/02/2025
- Scheduled term expiry: 31/03/2030
- Latest audit report submitted for FY ended 31st March, 2026 on 1st June 2026
- No management-imposed limitations or circumstances beyond control affecting audit evidence
- No significant impact on financial statements/results due to lack of information
- Alternative audit procedures were performed as per SA 705 (Revised)
- No prevalence of information lack in previous financial statements
Financial Impact:
The disclosure explicitly states nil financial impact from this resignation event.