Jet Knitwears Limited — Others, 26-12-2024: Resignation

M/s. Rajiv Mehrotra & Associates has resigned as the Statutory Auditor of Jet Knitwears Limited, effective immediately. The resignation was due to other work commitments. The Audit Committee and Board of Directors will address this casual vacancy in their upcoming meetings and plan to appoint new auditors with shareholder approval.

This change could impact investor sentiment as it raises concerns about stability in audit processes. While a new auditor may introduce fresh perspectives, the transition may also present potential risks until a suitable replacement is secured. Investors should stay alert for further developments as the company navigates this change.