Landmark Global Learning Limited's Statutory Auditors Resign Amid Expanded Compliance Obligations

Landmark Global Learning Limited , a company transitioning from a private to a public listed entity, has announced a significant change in its auditing arrangements. M/s. Sukhpal Singh & Co., Chartered Accountants, the company's statutory auditors, have tendered their resignation effective August 13, 2025, citing an inability to meet the expanded compliance obligations that come with the company's new status.

Reasons for Resignation

The auditing firm, in their resignation letter, pointed to several factors that led to their decision:

1. The company's transition to a listed public entity
2. Significantly expanded compliance obligations
3. Increased regulatory scrutiny
4. Enhanced audit responsibilities

Sukhpal Singh, the proprietor of Sukhpal Singh & Co., stated in the resignation letter, "Regrettably, I am currently unable to allocate the level of time and attention required to fulfil the role to the standard expected."

Company's Response

Landmark Global Learning Limited has confirmed that no concerns were raised by the resigning auditors regarding the company's management. The company also stated that there were no material reasons for the resignation beyond those mentioned in the auditor's letter.

Audit Timeline and Future Steps

• The auditors were initially appointed on September 30, 2023, with their term scheduled to expire at the conclusion of the Annual General Meeting (AGM) in 2028.
• Prior to their resignation, the auditors had completed the audit of financial statements for the year ended March 31, 2025, submitting their report on May 30, 2025.
• The company's Audit Committee and Board will consider appointing new statutory auditors to fill the vacancy created by this resignation.

Regulatory Compliance

In compliance with SEBI (Securities and Exchange Board of India) regulations, Landmark Global Learning Limited has made the necessary disclosures regarding the auditor's resignation. The company has submitted the required documentation, including:

1. The auditor's resignation letter dated August 13, 2025
2. Annexures as mandated by SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The company's Chief Financial Officer, Digvijay, signed off on the regulatory filings, ensuring transparency in the process of the auditor's resignation.

As Landmark Global Learning Limited navigates this transition, the appointment of new statutory auditors will be a key focus for the company's leadership in the coming weeks. Stakeholders will likely be watching closely to see how the company manages this change and ensures continued compliance with its expanded obligations as a listed entity.