Key Quantitative Figures

  • Previous auditor FRN: 133295W (M/s. A.H. Jain & Co.)
  • New auditor FRN: 001704C (M/s. Jain Shrimal and Co.)
  • Proposed term: Five consecutive years

Dates of Action

  • Board meeting date: 25 August 2026
  • Effective date of interim appointment: 25 August 2026
  • Interim term duration: Until conclusion of ensuing Annual General Meeting
  • Proposed long-term tenure: From conclusion of 8th AGM until conclusion of 13th AGM

Parties Involved

  • Resigning auditor: M/s. A.H. Jain & Co., Chartered Accountants (FRN:133295W)
  • New auditor: M/s. Jain Shrimal and Co., Chartered Accountants (FRN: 001704C)
  • Address: 62, Gangwal Park, M D Road, Jaipur - 302004
  • Managing Director: Hardik Gotawala (DIN: 08262325)

Purpose and Rationale

Appointment to fill casual vacancy caused by resignation of previous statutory auditor M/s. A.H. Jain & Co., with recommendation for a full five-year term subject to shareholder approval.

Auditor Profile Details

M/s. Jain Shrimal & Co. is a full-service Chartered Accountancy firm established in Jaipur, Rajasthan in 1981. The firm is peer-reviewed under the ICAI framework and empaneled with RBI, CAG, and the Audit Bureau of Circulations (ABC). The firm serves as statutory auditor to listed entities across multiple sectors and has vast experience in statutory audits, risk-aligned audits, Direct Tax & Indirect Tax Services.

Conditions and Approvals Required

  • Interim appointment effective immediately but subject to shareholder approval at ensuing AGM
  • Five-year term appointment subject to shareholder approval at ensuing AGM

Confirmation from New Auditor

M/s. Jain Shrimal & Co. confirmed via letter dated 22 August 2026 that:

  • They are eligible for appointment and not disqualified under Section 141 of Companies Act, 2013
  • The appointment is as per the term provided under the Act read with third proviso to Section 139(2)
  • The appointment is within limits laid down by the Act
  • No orders or proceedings are pending against the firm or any partner before ICAI or any competent authority or court