Heads up ventures Limited has announced the resignation of its statutory auditor M/s. J. Singh & Associates, effective January 21, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about this development on January 22, 2026, in compliance with Regulation 30 of the Listing Regulations.

Auditor Details and Timeline

The resignation involves M/s. J. Singh & Associates (FRN: 110266W), Chartered Accountants, with partner Hemant Kumar Shantilal Mehta (Membership No.: 100748) signing the resignation letter. The auditing firm had been serving as statutory auditor since their appointment on September 12, 2024, with their original term scheduled to run until September 30, 2027.

Reasons for Resignation

J. Singh & Associates cited two primary factors necessitating their resignation. The auditing firm explained that a key partner who was primarily responsible for overseeing audits of Heads Up Ventures Limited had recently resigned from the partnership, resulting in a significant reduction in their overall audit leadership capacity.

Additionally, the firm reported experiencing acute staff constraints due to unexpected staff shortages and resource limitations. These circumstances left them unable to allocate the necessary team strength required to ensure timely and quality completion of the audit work within stipulated timelines prescribed under applicable laws and regulations.

Recent Audit Work and Compliance

Prior to their resignation, J. Singh & Associates had submitted a Limited Review Report for the quarter ended September 30, 2025, which was filed on November 13, 2025. The auditing firm confirmed in their resignation letter that they had provided all information and explanations as required under Section 140(2) of the Companies Act, 2013, read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014.

The firm also declared that there were no other material reasons for their resignation beyond those stated and confirmed that no concerns were raised with the Audit Committee or Board of Directors prior to their resignation.

Corporate Communication

The resignation letter was signed by Harsh Pravinbhai Patel, Director (DIN: 10856046) of Heads Up Ventures Limited, and communicated to both stock exchanges as required under regulatory provisions. J. Singh & Associates, based at HubTown Viva in Andheri East, Mumbai, expressed appreciation for the cooperation extended during their tenure as statutory auditor.

The company will now need to appoint a new statutory auditor to complete the remaining audit work and fulfill regulatory requirements for the current financial year.

Heads Up Ventures Limited , a company listed on Indian stock exchanges, announced a significant change in its board composition. Mr. Akash Jitendrakumar Patel has resigned from his position as Non-Executive and Independent Director, effective November 14, 2025.

Resignation Details

Mr. Patel cited pre-occupation with other professional assignments as the reason for his departure. In his resignation letter, he stated that due to his commitments to other professional assignments, he is no longer able to devote sufficient time to the affairs of Heads Up Ventures Limited.

Impact on Board Composition

The resignation of Mr. Patel affects the company's board structure, particularly in terms of its independent oversight. Mr. Patel's exit may lead to changes in the dynamics of board discussions and decision-making processes.

Additional Roles

Mr. Patel also serves as the Chairman of the Audit Committee at Tirupati Innovar Limited. This information suggests that Mr. Patel holds significant positions across multiple companies.

Company's Response

Heads Up Ventures Limited acknowledged Mr. Patel's resignation and confirmed that there are no material reasons for his resignation other than those mentioned in his letter. The company has filed the necessary forms with the Registrar of Companies to formalize this change in board composition.

Financial Performance

The company reported a total income of Rs. 398.79 lakh for the quarter ended September 30, 2025, with a profit before tax of Rs. 104.63 lakh, according to its unaudited financial results.

Looking Ahead

The company has not yet announced a replacement for Mr. Patel. Shareholders and market observers may be keen to see how Heads Up Ventures Limited plans to fill this vacancy and maintain the required balance of independent directors on its board.

As the company navigates this change in its board composition, stakeholders will likely be watching closely to see how it might impact the company's governance and strategic direction going forward.