Phoenix Overseas Limited Announces Resignation of Statutory Auditor
Phoenix Overseas Limited has announced the resignation of its Statutory Auditor, M/s Jain Seth & Co., Chartered Accountants. The change in auditing services is effective from close of business hours on July 11, 2026.The resignation by M/s Jain Seth & Co. was communicated after operational difficulties arose within the firm. According to details provided, the resignation was tendered because of the poor health of partner Ramakant Sureka, which led the firm to be unable to continue providing Statutory Auditor services to Phoenix Overseas Limited.
Key details regarding the change in auditing service for the company are summarized below:
| Particulars | Details |
|---|---|
| Auditor | M/s Jain Seth & Co., Chartered Accountants (FRN: 002069W) |
| Date of Resignation | July 11, 2026 |
| Effective Date | Close of business hours on July 11, 2026 |
| Reason for Resignation | Poor health of partner Ramakant Sureka |
PHOGLOBAL Stock Price Movement
Shares of Phoenix Overseas Limited settled flat on Friday, closing at ₹16.20 following zero movement for the equity. The stock recorded a traded quantity of 12,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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