Bizotic Commercial Board Formally Accepts Statutory Auditor Resignation
Bizotic Commercial Limited's board of directors formally accepted the resignation of statutory auditor M/s J. Singh Associates during a board meeting on January 2, 2026. The auditing firm had resigned on December 19, 2025, citing operational constraints including partner resignation and staff shortages that prevented timely audit completion.
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Bizotic Commercial Limited's board of directors has formally accepted the resignation of its statutory auditor, M/s J. Singh Associates, Chartered Accountants, during a board meeting held on January 2, 2026. The auditing firm had initially submitted their resignation on December 19, 2025, citing operational constraints that prevent them from continuing their audit responsibilities.
Board Meeting Resolution and Acceptance
The board meeting, held at the company's registered office, commenced at 3:30 PM and concluded at 4:00 PM on January 2, 2026. The fifth resolution passed during the eighth board meeting formally addressed the auditor resignation:
| Meeting Details: | Information |
|---|---|
| Meeting Date: | January 2, 2026 |
| Meeting Time: | 3:30 PM to 4:00 PM |
| Resolution Number: | Fifth Resolution |
| Board Meeting: | Eighth Meeting for FY 2025-2026 |
| Audit Committee: | Recommended acceptance of resignation |
Official Resignation Details and Timeline
The resignation was formally communicated to BSE Limited under Regulation 30 of SEBI listing regulations. Managing Director Sanjay Mahavir Prasad Gupta (DIN: 07610448) notified the stock exchange about the auditor change through official correspondence:
| Parameter: | Details |
|---|---|
| Auditor Name: | M/s J. Singh Associates, Chartered Accountants |
| Firm Registration: | No. 110266W |
| Resignation Date: | December 19, 2025 |
| Board Acceptance: | January 2, 2026 |
| BSE Scrip Code: | 543926 |
| Partner Signature: | Hemant Kumar Shantilal Mehta (Membership No. 100748) |
Auditor Appointment History and Term Details
The comprehensive documentation reveals the complete timeline of J. Singh Associates' association with Bizotic Commercial Limited:
| Appointment Details: | Information |
|---|---|
| Original Appointment Date: | January 9, 2025 |
| Scheduled Term Expiry: | Conclusion of AGM to be held in 2030 |
| Latest Audit Report: | Financial year ended March 31, 2025 |
| Latest Limited Review: | Half year ended September 30, 2025 |
| Effective Resignation: | December 19, 2025 |
Key Reasons for Auditor Resignation
J. Singh Associates outlined two critical factors in their resignation letter that led to their decision to step down as statutory auditor:
| Key Issues: | Details |
|---|---|
| Partner Resignation: | A key partner primarily responsible for overseeing Bizotic Commercial's audits recently resigned from the partnership |
| Staff Constraints: | Unexpected staff shortages and resource limitations prevent adequate team allocation for timely audit completion |
| Impact: | Unable to complete audits within stipulated timelines prescribed under applicable laws and regulations |
The auditing firm emphasized that these circumstances would prevent them from ensuring quality and timely completion of audit work, prompting their decision to resign to avoid further delays or inconvenience to the company.
Regulatory Compliance and Transition Commitments
Despite the immediate resignation, J. Singh Associates confirmed they will fulfill certain transitional obligations to ensure regulatory compliance:
| Commitment: | Details |
|---|---|
| Limited Review Report: | Will issue limited review report for half-year ended March 31, 2026 |
| Regulatory Compliance: | Aligns with Para 6(A)(ii) of SEBI circular No. CIR/CFD/CMD/114/2019 dated October 18, 2019 |
| Information Provision: | Confirmed providing all required information under Section 140(2) of Companies Act, 2013 |
| Additional Compliance: | Adheres to Rule 8 of Companies (Audit and Auditors) Rules, 2014 |
| Form Filing: | Managing Director authorized to ensure e-Form ADT-3 filing by resigning auditor |
The board resolution also authorized Managing Director Sanjay Mahavirprasad Gupta to ensure that the requisite e-Form ADT-3 is filed by the resigning auditor with the Registrar of Companies, Ministry of Corporate Affairs. The auditing firm confirmed that no other material reasons exist for their resignation beyond the operational constraints mentioned and expressed sincere appreciation for the cooperation received during their tenure.
Historical Stock Returns for Bizotic Commercial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | +21.33% | +8.61% | +376.87% | +810.81% | +503.48% |
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