SGL Resources Ltd — Others, 05-04-2025: Resignation of statutory auditor of the company

M/s Sparks & Co., Chartered Accountants, has resigned as the statutory auditors of SGL Resources Limited, effective immediately. The resignation is attributed to significant changes in the company's Board of Directors and ongoing disagreements regarding audit fees. This transition could have implications for the company's audit independence and overall governance. From an investor perspective, this change may raise concerns about stability in financial oversight but could also present an opportunity for the company to engage a new auditing firm that aligns better with its current strategic direction. Overall, this development suggests a cautious outlook while the company navigates this transition.