IndiaNivesh Ltd — Important, 05-09-2025: Company Update

Indianivesh Limited announced its statutory auditor, M/s. C A S & Co., has resigned with immediate effect. The auditor cited pre-occupation with other professional commitments and the proposed audit fee being lower than their expectations as reasons for their departure. This change in auditor is a significant governance update for shareholders. The stated reasons, particularly concerning audit fees, are noteworthy and could raise investor questions about the company's financial oversight and its process for ensuring robust financial scrutiny going forward. The company will now need to appoint a new statutory auditor.