Change in Statutory Auditors – Subsidiary Companies

Outgoing Auditor

Name of the Resigning Firm: M/s. Arora Gupta & Co., Chartered Accountants

Reason for Resignation: Not Specified

Effective Date of Resignation: August 7, 2026

Date of Resignation Letter: Not Specified

Duration in Role: Not Specified

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: M/s Walker Chandiok & Co LLP, Chartered Accountants

Firm Registration Number (FRN): 001076N/N500013

Term of Appointment and Validity:

  • Interim appointment from August 7, 2026 until the ensuing AGM of the Company to fill casual vacancy
  • Recommended term of five (5) consecutive years effective from the date of the upcoming AGM to be held in FY 2026-27 (for the FY 2026-26)

Interim Appointment or Subject to Shareholder Approval: The appointment is subject to approval of shareholders of the Company

Qualifications or Professional Standing: Not Specified

Financial Implications: Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: Board meetings of Shivalik Engineered Products Private Limited and Shivalik Bimetal Engineers Private Limited held on August 7, 2026

Resolutions or Approvals: The respective boards approved and recommended the appointment of M/s Walker Chandiok & Co LLP as Statutory Auditors

Regulatory Compliance Statement

SEBI LODR Reference: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations

Master Circular Reference: SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Annexures: Required disclosures enclosed as Annexure-A

Delay in Disclosure: No delay indicated; disclosure made on the same day as board meetings (August 7, 2026)

Annexures / Firm Profiles

Summary of Incoming Audit Firm's Experience: Not Specified in main document (referenced as enclosed in Annexure-A which is not provided)

Any Declarations or Eligibility Confirmations: Not Specified

Other Corporate Information

The disclosure is signed by Aarti Sahni, Company Secretary (Membership No.: A25690) on behalf of Shivalik Bimetal Controls Limited