Bizotic Commercial Limited's Statutory Auditor Resigns Citing Operational Issues
J. Singh Associates, chartered accountants, resigned as statutory auditor of Bizotic Commercial Limited effective December 19, 2025, due to operational constraints including key partner resignation and acute staff shortages. The firm, appointed in January 2025 with term until 2030 AGM, will fulfill transitional obligations by issuing limited review report for half-year ended March 31, 2026, ensuring regulatory compliance under SEBI guidelines.
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Bizotic Commercial Limited has announced the resignation of its statutory auditor, M/s J. Singh Associates, Chartered Accountants, effective December 19, 2025. The auditing firm submitted their resignation letter on the same date, citing operational constraints that prevent them from continuing their audit responsibilities.
Official Resignation Details
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 |
| Effective Date: | December 19, 2025 |
| BSE Scrip Code: | 543926 |
| Partner Signature: | Hemant Kumar Shantilal Mehta (Membership No. 100748) |
Auditor Appointment History and Term Details
The resignation documentation reveals the complete timeline of J. Singh Associates' association with Bizotic Commercial Limited:
| Appointment Details: | Information |
|---|---|
| Original Appointment Date: | January 09, 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 |
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
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 |
Auditor Contact Information
The resignation documentation includes complete contact details for the auditing firm:
| Contact Parameter: | Information |
|---|---|
| Corporate Address: | 612, Sun Orbit, Rajpath Club Road, Ahmedabad-380054 |
| Phone Number: | 9824947622 |
| Email: | amitleena30@gmail.com |
| Mumbai Office: | 505/506/507, HUB TOWN Viva, Shankarwadi, Western Express Highway Between Andheri Jogeshwari (East) Mumbai-400060 |
The auditing firm confirmed that no other material reasons exist for their resignation beyond the operational constraints mentioned. They expressed sincere appreciation for the cooperation received during their tenure as statutory auditor and confirmed no concerns were raised prior to resignation.
Historical Stock Returns for Bizotic Commercial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -2.52% | -1.22% | +403.17% | +624.53% | +409.80% |
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