Flexituff Ventures International Ltd

Flexituff Ventures International Ltd

Flexituff Ventures International Ltd's statutory auditor, Mahesh C. Solanki & Co., has resigned citing prolonged non-payment of audit fees and a "severe deadlock" in the company's business operations. The auditor also highlighted an inability to obtain sufficient appropriate audit evidence, which would significantly impact current financial statements and was prevalent in previous reports. This announcement points to severe underlying financial and operational distress within the company, raising significant governance and regulatory concerns.

Flexituff Ventures International Ltd

Flexituff Ventures International Ltd. announced the resignation of its statutory auditor, M/s. Mahesh C. Solanki, Chartered Accountants, effective June 19, 2026. The auditor cited prolonged non-payment of audit fees and a "severe deadlock position" in the company's business operations as key reasons for their resignation. Furthermore, the auditor stated an inability to obtain sufficient appropriate audit evidence due to circumstances beyond management's control, which had a "significant impact on the financial statements/results," a concern also prevalent in previous limited review reports.