Sahara Maritime auditor resigns due to pre-occupation
Sahara Maritime Limited's statutory auditor, M/s G A M P & Co., resigned effective May 28, 2026, citing pre-occupation in other professional engagements. The firm confirmed no material reasons or concerns regarding the company's management prompted the decision. The Board will consider appointing a new auditor to fill the casual vacancy.
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Sahara Maritime Limited's statutory auditor, M/s G A M P & Co., has resigned effective May 28, 2026, due to pre-occupation in other professional engagements and ongoing assignments. The auditor cited an inability to devote adequate time and resources required for the audit and related professional responsibilities of the company. There are no material reasons for the resignation, nor were any concerns raised regarding the management of Sahara Maritime Limited.
The resignation was communicated via a letter dated May 28, 2026, from Diwanshu Goyal, Partner at G A M P & Co. The firm was appointed on September 30, 2025, at the Annual General Meeting, with a term scheduled to expire at the conclusion of the 21st Annual General Meeting to be held in 2030. Prior to the resignation, the auditor had submitted the audit report for the financial year ended March 31, 2026, on May 27, 2026.
Sahara Maritime Limited confirmed that the resignation does not require deliberation by the Audit Committee as no concerns were raised. The Audit Committee and the Board will consider the appointment of new statutory auditors in due course to fill the casual vacancy. The company will intimate the exchange once the new appointment is finalized.
Resignation Details
| Particulars | Details |
|---|---|
| Name of Auditor | M/s G A M P & Co. |
| Firm Registration No. | 031165N |
| Reason for Resignation | Pre-occupation in other professional engagements and ongoing assignments |
| Effective Date | May 28, 2026 |
| Appointment Date | September 30, 2025 (AGM) |
| Term End | Conclusion of 21st AGM in 2030 |
| Last Audit Report | Financial year ended March 31, 2026, dated May 27, 2026 |
Historical Stock Returns for Sahara Maritime
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +13.17% | +35.80% | +50.68% | -12.70% | -25.47% | -66.12% |
Who will Sahara Maritime appoint as the new statutory auditor to fill the casual vacancy?
How will the change in auditors impact the timeline for releasing future financial reports?
Will the resignation of the auditor affect investor confidence in Sahara Maritime's governance?
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