Agroz (AGRZ) switches auditor; going concern and control issues

Agroz Inc. (AGRZ) reported a change in its independent auditor, terminating Marcum Asia CPAs LLP and appointing SFAI Malaysia PLT effective November 18, 2025.

Rhea-AI Filing Summary

Agroz Inc. (AGRZ) reported a change in its independent auditor, terminating Marcum Asia CPAs LLP and appointing SFAI Malaysia PLT effective November 18, 2025. MarcumAsia’s audit reports for the years ended December 31, 2024 and December 31, 2023 contained a going concern explanatory paragraph highlighting doubts about the company’s ability to continue operating, but no adverse opinions or scope or principle modifications.

The company states there were no disagreements with MarcumAsia on accounting, disclosure, or audit procedures and no reportable events other than previously disclosed material weaknesses. These weaknesses include inadequate IT general controls, insufficient IFRS and SEC reporting expertise, weak segregation of duties over sales and customer data, and a lack of formal internal control policies and independent oversight. Agroz also confirms it did not consult SFAI on accounting or audit matters before this appointment.

Positive

• None.

Negative

• Going concern uncertainty highlighted in prior audit reports for 2023 and 2024 underscores substantial doubt about Agroz Inc.’s ability to continue operating.
• Multiple material weaknesses in internal controls, including IT general controls, IFRS/SEC reporting expertise, segregation of duties, and formal policies, increase financial reporting risk.

Insights

Accounting & Governance Analyst

Agroz changes auditors while highlighting going concern and control weaknesses.

Agroz Inc. replaced Marcum Asia CPAs LLP with SFAI Malaysia PLT as its independent registered public accounting firm effective November 18, 2025. The outgoing auditor’s reports on the years ended December 31, 2024 and December 31, 2023 were clean in terms of opinion type but included a going concern explanatory paragraph, signaling substantial doubt about the company’s ability to continue operating.

The company also reiterates previously disclosed material weaknesses in internal control over financial reporting, including ineffective IT general controls, limited IFRS and SEC reporting expertise, inadequate segregation of duties over sales and customer data, and the absence of formal internal control policies and independent supervision. These weaknesses can increase the risk of errors or misstatements in financial reporting until they are remediated.

Agroz notes there were no disagreements or additional reportable events with MarcumAsia beyond those weaknesses, and that it did not consult SFAI on specific accounting treatments or potential audit opinions before the appointment. Future annual and interim reports will indicate how the new auditor assesses going concern and the progress, if any, in addressing the identified control weaknesses.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Agroz Inc. (AGRZ) announce in this Form 6-K?

Agroz Inc. announced it terminated Marcum Asia CPAs LLP as its independent registered public accounting firm and appointed SFAI Malaysia PLT effective November 18, 2025.

Why is the change of auditor at Agroz Inc. significant for AGRZ investors?

The outgoing auditor’s reports for 2024 and 2023 included a going concern explanatory paragraph and referenced material weaknesses in internal controls, which highlight financial and reporting risks as a new firm takes over.

Did Marcum Asia CPAs LLP issue adverse opinions on Agroz Inc.’s 2024 or 2023 financial statements?

No. MarcumAsia’s reports for the years ended December 31, 2024 and December 31, 2023 did not contain adverse opinions or disclaimers, but they did include a going concern explanatory paragraph.

Were there disagreements between Agroz Inc. and MarcumAsia before the auditor change?

The company states there were no disagreements with MarcumAsia on accounting principles, financial statement disclosure, or audit scope or procedures during 2023, 2024, and through November 18, 2025.

What material weaknesses in internal control has Agroz Inc. disclosed?

Agroz Inc. reports material weaknesses in IT general controls, a lack of sufficient personnel with IFRS and SEC reporting expertise, inadequate segregation of duties over sales and customer data, and the absence of formal internal control policies and independent supervision.

Did Agroz Inc. consult SFAI Malaysia PLT before appointing it as auditor?

The company states it did not consult SFAI during 2023, 2024, or through November 18, 2025 on applying accounting principles to specific transactions, on potential audit opinions, or on any matter involving disagreement as defined in Item 16F of Form 20-F.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/26/2025 - 04:01 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number 001-42885

Agroz Inc.

(Translation of registrant's name into English)

No. 2, Lorong Teknologi 3/4A, Taman Sains Selangor, Kota Damansara,

47810 Petaling Jaya, Selangor, Malaysia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒       Form 40-F ☐

CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT

On November 18, 2025, Agroz Inc. (the “Company”) determined to terminate Marcum Asia CPAs LLP (“MarcumAsia”) as its independent registered public accounting firm. The reports of MarcumAsia regarding the Company’s financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or disclaimer of opinion and were not modified as to uncertainty, audit scope, or accounting principles, except each report contained an explanatory paragraph related to the Company’s ability to continue as a going concern.

On November 18, 2025, the Company’s Board of Directors and Audit Committee participated in and approved the decision to change the Company’s independent registered public accounting firm.

During the Company’s fiscal years ended in December 31, 2024 and December 31, 2023, and the subsequent interim period through November 18, 2025, there were (i) no disagreements with MarcumAsia on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of MarcumAsia would have caused MarcumAsia to make reference to the subject matter of the disagreements in connection with its report, and (ii) no “reportable events,” as such term is defined in Item 16F of Form 20-F, other than the material weaknesses as reported in its Form 20-F filed with the SEC on May 22, 2025. Such material weaknesses related to (i) our lack of effective information technology (“IT”) general controls (ITGC) (which are the basic set of controls for our IT systems, including applications, operating systems, databases, and IT infrastructure), (ii) our lack of sufficient financial reporting and accounting personnel with knowledge of IFRS and SEC reporting requirements, (iii) our inadequate segregation of duties on sale and customers’ data management, and (iv) the lack of formal internal control policies and internal independent supervision functions to establish formal risk assessment process and internal control framework.

The Company provided MarcumAsia with a copy of the disclosure in this Form 6-K and requested MarcumAsia furnish the Company with a letter addressed to the U.S. Securities and Exchange Commission stating whether or not MarcumAsia agrees with such disclosure. A copy of the letter provided by MarcumAsia is filed as Exhibit 16.1 to this Form 6-K.

Effective November 18, 2025, the Company appointed SFAI Malaysia PLT (“SFAI”) as its new independent registered public accounting firm. During the two fiscal years ended December 31, 2024 and December 31, 2023 and through November 18, 2025, the Company did not consult with SFAI regarding any of the following:

The application of accounting principles to a specific transaction, either completed or proposed; the type of audit opinion that might be rendered on the Company’s financial statements, and none of the following was provided to the Company: (a) a written report, or (b) oral advice that SFAI concluded was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issue; or any matter that was subject of a disagreement , as that term is defined in Item 16F of Form 20-F.

Financial Statements and Exhibits

Exhibits

Exhibit No.		Description
16.1		Letter from Marcum Asia CPAs LLP

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Agroz Inc.

/s/ Gerard Kim Meng Lim

Gerard Kim Meng Lim, Chief Executive Officer

Date:  November 26, 2025

2