NewsStocksValencia India Limited Statutory Auditor Doshi Doshi & Co Resigns Due to Other CommitmentsValencia India Limited Statutory Auditor Doshi Doshi & Co Resigns Due to Other Commitments
M/s. Doshi Doshi & Co, Chartered Accountants, has resigned as the statutory auditor of Valencia India Limited, effective December 15, 2025. The auditing firm cited preoccupation with other assignments as the reason for their inability to continue. They have completed the limited review of the company's financial results for the half year ended September 30, 2025. Valencia India Limited stated that there are no concerns raised by the auditor regarding the company's management and will appoint new statutory auditors to fill the vacancy.
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Valencia India Limited has informed BSE Limited about the resignation of its statutory auditor M/s. Doshi Doshi & Co, Chartered Accountants, effective December 15, 2025. The auditing firm, with registration number 153683W, submitted their resignation letter citing their inability to continue due to preoccupation with other assignments.
Auditor Resignation Details
The key details of the auditor resignation are presented below:
| Parameter | Details |
|---|---|
| Auditor Name | M/s. Doshi Doshi & Co, Chartered Accountants |
| Registration Number | 153683W |
| Resignation Date | December 15, 2025 |
| Original Appointment | April 01, 2023 |
| Tenure Period | 5 years |
| Effective Date | Immediate effect from December 15, 2025 |
Doshi Doshi & Co explained in their resignation letter that due to their preoccupation with other assignments, they are unable to devote adequate time to the audit of Valencia India Limited's affairs. To maintain professional objectivity and audit quality, they considered it appropriate to step down from their position.
Recent Audit Activities
The resigning auditor confirmed they have concluded the limited review of the company's financial results for the half year ended September 30, 2025, and issued their limited review report on November 12, 2025. This ensures that the most recent financial review obligations have been fulfilled before their departure.
Company's Response and Next Steps
Valencia India Limited has clarified that there are neither any concerns raised by the resigning auditor with respect to the management of the company, nor is there a material reason for the resignation. Consequently, no deliberation on the same is required by the Audit Committee, and disclosure of the Audit Committee's view is not applicable.
The company stated that the Audit Committee and the Board would consider the appointment of new statutory auditors in due course to fill the casual vacancy caused by the resignation. The new appointment details will be intimated to the stock exchange accordingly.
Regulatory Compliance
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Valencia India Limited has provided all required details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, pertaining to the auditor resignation.
In accordance with Section 140(2) of the Companies Act, 2013, read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014, the resigning auditor will file the prescribed Form ADT-3 with the Registrar of Companies within the stipulated time.
Historical Stock Returns for Valencia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.90% | +1.74% | -6.82% | -75.48% | -75.48% | -75.48% |
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