The decision was made based on the recommendation of the Company's Audit Committee.
The disclosure is made in compliance with Regulation 30 of the Listing Regulations and the SEBI Master Circular dated January 30, 2026. The required details are provided in Annexure A.
Annexure A Details
- Reason for Change: Appointment of M/s. V Mahendra & Associates Chartered Accountants as the Internal Auditors for FY 2026-27.
- Date of Appointment: The appointment was approved by the Board at its meeting held on June 30, 2026.
- Brief Profile: M/s. V Mahendra & Associates is a Chartered Accountant firm with over 23 years of professional experience. The firm has been associated with corporate entities for ensuring statutory compliance, strengthening internal controls, improving financial reporting systems, and enhancing operational efficiency.
- Disclosure of Relationships: Not Applicable.
The information has been made available on the Company's website at www.pharmaids.com.
The letter is signed by Prasanna Subramanya Bhat, Company Secretary & Compliance Officer, on June 30, 2026.