Change in Statutory Auditors – Belrise Industries Limited
Outgoing Auditor
Name of the Resigning Firm: M/s. GSA & Associates LLP
Reason for Resignation: The term of the existing statutory auditor M/s. GSA & Associates LLP expired at the 30th Annual General Meeting of the Company.
Effective Date of Resignation: Conclusion of the 30th Annual General Meeting held on September 30, 2026
Duration in Role: Not Specified
Board's Acknowledgment / Statement: Not Specified
Replacement Appointed
Name of the New Audit Firm: M/s. Shailesh Haribhakti & Associates-Chartered Accountants, Mumbai and M/s. Rathi Rathi and Co. - Chartered Accountants, Pune (appointed as Joint Statutory Auditors)
Firm Registration Number (FRN):
- Shailesh Haribhakti & Associates: 148136W
- Rathi Rathi and Co.: 135143W
Peer Review Certificate Numbers:
- Shailesh Haribhakti & Associates: 026910
- Rathi Rathi and Co.: PRB/000036
Term of Appointment and Validity: First term of 5 (five) consecutive years from the conclusion of the 30th Annual General Meeting until the conclusion of the 35th Annual General Meeting of the Company to be held in the Financial Year 2031-32. The appointment covers the Financial Years from 2026-27 to 2030-31.
Interim Appointment or Subject to Shareholder Approval: The appointment was approved by shareholders at the 30th Annual General Meeting held on September 30, 2026.
Board / Committee Meeting Details
Date and Name of the Meeting: 30th Annual General Meeting held on September 30, 2026
Resolutions or Approvals: Shareholders approved the appointment of both audit firms as Joint Statutory Auditors
Annexures / Firm Profiles
Summary of Incoming Audit Firm's Experience:
M/s. Shailesh Haribhakti & Associates:
- Reputed chartered accountancy firm led by Mr. Shailesh Haribhakti
- Mr. Haribhakti has over five decades of experience in audit, accounting and corporate governance
- Currently chairs the Audit Committee of TVS Motor Company and Swiggy
- Serves on boards of several prominent companies including Mirae Asset Investment Managers (India)
- Previously served on board of L&T Finance and held leadership positions as Chairman of BDO India and Baker Tilly India
M/s. Rathi Rathi and Co. (RRCO):
- Chartered Accountants firm founded in 2012
- Has 4 offices across India with a team of over 170 professionals
- Capabilities across statutory audit, internal audit and tax audit
- Worked with several marquee Indian and multinational clients including ILJIN Global India, Direct Networks India, Mubea Data Automotive Components India, Elpro International Limited, Nipro Medical India, and Tenneco Clean Air India
Any Declarations or Eligibility Confirmations: Not Specified
Regulatory Compliance Statement
SEBI References: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Delay in Disclosure: Not Specified
Other Corporate Information
The submission is available on the Company's website under the "Investor Relations" tab at https://belriseindustries.com/