Arvind SmartSpaces Auditors Resign Due to Tenure Completion
M/s. S R B C & Co LLP resigned as statutory auditors of Arvind SmartSpaces Limited effective August 7, 2026, due to completing their 10-year tenure. They were appointed at the AGM on August 12, 2022.
The resignation is due to the completion of the statutory tenure for auditors, a common occurrence and not indicative of any issues with the company's financial health or operations.
The resignation of auditors is a routine event when statutory tenure limits are reached and does not inherently indicate positive or negative performance.
Arvind SmartSpaces Limited has announced the resignation of its statutory auditors, M/s. S R B C & Co LLP, effective August 7, 2026.
The auditors cited the completion of their maximum permissible term as per Section 139(2) of the Companies Act, 2013, having audited the company's financial statements for ten consecutive years from 2016-17 to 2025-26.
M/s. S R B C & Co LLP were originally appointed as statutory auditors at the 14th Annual General Meeting (AGM) held on August 12, 2022, with a tenure expected to conclude at the 19th AGM in 2027. They have completed the audit for the financial year ended March 31, 2026, and issued their report. They also performed a limited review for the quarter ended June 30, 2026.
The Audit Committee and the Board of Directors of Arvind SmartSpaces Limited have taken on record the resignation letter. The company will initiate the process to appoint new statutory auditors.
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Arvind SmartSpaces Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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