Shreeji Translogistics Limited announces its statutory auditors, Sanjay C. Shah & Associates, have resigned.

The auditors cited commercial reasons, specifically that their fees were not commensurate with the work required, and the company did not agree to an increase.

Crucially, no concerns were raised regarding the company's management or financial reporting.

The company's Audit Committee and Board will address this casual vacancy by appointing new auditors soon.

This update signals a change in oversight but no red flags.