Key Quantitative Figures
- The auditors were appointed on 12th August 2022 at the 14th Annual General Meeting (AGM) to hold office until the conclusion of the 19th AGM in 2027.
- They completed the audit of financial statements for 10 consecutive years from 2016-17 to 2025-26.
- Recent audits include the audit report for the financial year ended March 31, 2026, dated 20th May 2026, and the limited review report for the quarter ended June 30, 2026, dated 7th August 2026.
Parties Involved
- Listed entity: Arvind SmartSpaces Limited (Scrip Code: 539301, Security ID: ARVSMART, Symbol: ARVSMART).
- Statutory auditors: M/s. S R B C & Co LLP (ICAI Firm Registration Number: 324982E/E300003), with address at 21st Floor, B Wing, Privilon, Ambli BRT Road, Behind Iskcon Temple, Off SG Highway, Ahmedabad - 380 059, India; phone +91 79 6608 3900; email Shreyans.Ravrani@srb.in.
- Individuals: Prakash Makwana, Company Secretary of Arvind SmartSpaces Limited, who signed the letter; Shreyans Ravrani, Partner at S R B C & Co LLP, Membership Number: 62906.
Purpose or Rationale
The resignation is solely due to the completion of the maximum permissible term of 10 years as statutory auditors, as mandated by law. There are no other reasons or concerns cited.
Financial or Operational Impact
No financial impact is disclosed in the document. The change is procedural and related to compliance with tenure limits.
Capital Structure Impact
No impact on capital structure is mentioned.
Forward-looking Guidance
No forward-looking guidance or management commentary is provided.
Additional Details from Annexures
- Annexure I contains the resignation letter from M/s. S R B C & Co LLP, dated 7th August 2026.
- Annexure II provides details required under SEBI regulations, confirming the resignation reason and dates.
- The auditors confirmed that there are no material reasons for resignation other than tenure completion, and no issues with audit evidence or information provision.