KCL Infra Auditor Resigns, New Auditor Appointed

Key Decisions and Approvals

The Board of Directors meeting was convened and held at the company's registered office in Mumbai from 2:00 PM to 3:40 PM on 5th September 2026. The Board transacted the following business:

• Approved the Board's Report, Report on Corporate Governance, Management Discussion and Analysis Report, and Secretarial Audit Report for the financial year ended 31st March 2026.
• Approved the Notice of the 31st Annual General Meeting (AGM) and authorized issuance to all shareholders.
• Fixed the 31st AGM for Wednesday, 30th September 2026 at 11:00 AM to be conducted through Video Conferencing/Other Audio-Visual mode.
• Fixed the Book Closure period from Thursday, 24th September 2026 to Wednesday, 30th September 2026.
• Fixed the Cut-off date as Wednesday, 23rd September 2026 for determining member eligibility to vote electronically or at the AGM.
• Set the Remote E-Voting period to commence from Sunday, 27th September 2026 (9:00 AM) and end on Tuesday, 29th September 2026 (5:00 PM).
• Approved the appointment of CS Asha Bhachawat of M/s. Asha & Associates as scrutinizer for the e-voting process and voting at the 31st AGM.

Statutory Auditor Resignation and Appointment

The Board received and noted the resignation of M/s SCAN & CO., Chartered Accountants (Firm Registration No. 113954W) as Statutory Auditors of the company, effective 4th September 2026. The resignation was tendered via letter dated 4th September 2026, citing preoccupation with other professional assignments as the reason.

Based on the recommendation of the Audit Committee, the Board considered and recommended the appointment of M/s. C. N. Jain & Co., Chartered Accountants (Firm Registration No. 103895W) as the new Statutory Auditors. The proposed term is for five consecutive years, from the conclusion of the 31st AGM until the conclusion of the 36th AGM, subject to approval by members at the ensuing AGM.

Auditor Details and Declaration

M/s SCAN & CO. was originally appointed on 9th September 2024 with a term scheduled to expire on 9th September 2029. The partner signing the audit report was CA Chetan Khandelwal (Membership No. 408113). The firm submitted its latest limited review report for the quarter ended 30th June 2026 on 14th August 2026.

In the mandatory declaration under SEBI Circular requirements, the auditor confirmed:

• No inability to obtain sufficient appropriate audit evidence due to management-imposed limitation or circumstances beyond management's control.
• No significant impact on financial statements/results due to lack of information.
• No alternative procedures were performed under SA 705 (Revised) as the issue was not applicable.
• No prevalence of lack of information in previous financial statements.
• No other material reasons for resignation beyond those provided.

Financial Impact

Financial impact not quantified in the disclosure.