Vivid Mercantile Limited has disclosed the resignation of its statutory auditors, M/s. Shah Karia and Associates, Chartered Accountants (Registration No. 131546W).
The resignation was tendered via letter dated September 2, 2026 and takes effect immediately from the same date. The stated reason for resignation is "personal reasons" as mentioned in the auditor's resignation letter.
Key Details of the Resignation:
- Auditor Firm: Shah Karia & Associates
- Firm Address: 801, Iconic Shyamal, Opp City Gold, Shyamal Cross Roads, Satellite, Ahmedabad 380015
- Contact: +91 81609 93416, shahkaria.ca@gmail.com
- Date of Original Appointment: September 3, 2025
- Scheduled Term Expiry: March 31, 2030
- Last Submitted Report: Limited Review Report for the quarter ended June 30, 2026, dated August 7, 2026
Important Confirmations:
- The resigning auditor explicitly stated there were "no concerns relating to the affairs of the Company requiring communication to the Audit Committee/Board of Directors prior to our resignation"
- No material reasons beyond personal reasons were provided for the resignation
- No other facts relevant to the resignation were disclosed
- The auditor confirmed the information provided is correct and complete
Company Response:
The company stated that no deliberation by the Audit Committee is required and consequent disclosure of Audit Committee's view is not applicable since no concerns were raised. The Audit Committee and Board will consider the appointment of new statutory auditors to fill the casual vacancy in due course.
Regulatory Compliance:
The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and relevant SEBI circulars including CIR/CFD/CMD/4/2015 dated September 9, 2015 and HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
Financial Impact: Not quantified in the disclosure.