Key Event: Resignation of Statutory Auditor

M/s. Sathish Ramdeni & Co., Chartered Accountants (Firm Registration No. 015229S), submitted their resignation as statutory auditors of TMT (India) Limited via a letter dated November 13, 2026. The resignation is effective from the closure of the audit report for the quarter ended September 2026.

Reasons for Resignation

According to the enclosed resignation letter, the auditor resigned due to the following reasons:

  • The limited scale and volume of the company's business operations.
  • The professional fee was commensurate with the audit scope, but the firm decided to relinquish the engagement based on its overall audit capacity and the applicable limits on the number of companies an auditor may audit.

The resignation is stated to be for reasons independent of the availability of books, records, information, or data from the company. The auditor confirmed that the company and its management duly provided all requisite information, records, and assistance necessary for the conduct of the audit.

Company's Statement on the Resignation

The company states that the resigning auditor raised no concerns with respect to the management of the company, and there is no material reason for the resignation. Consequently, no deliberation by the Audit Committee is required, and the disclosure of the Audit Committee's view is not applicable.

Future Steps

The Audit Committee and the Board of Directors will consider the appointment of new statutory auditors to fill the casual vacancy caused by this resignation. An intimation will be made accordingly.

Additional Details from Annexure I

  • Auditor's Name: M/s. Sathish Ramdeni & Co., Statutory Auditor of Company
  • Date of Cessation: November 13, 2026
  • Date of Original Appointment: September 30, 2023
  • Scheduled Term Expiry: March 31, 2028
  • Last Report Submitted: Limited Review Report for the quarter ended September 30, 2026
  • Auditor's Contact Details: Address - Flat no. 401, S Choice Residency, Beside Dena Bank, East Marredpally, Secunderabad, Telangana-500026; Phone - 9490058381; Email - ca.satishr@gmail.com
  • Concerns or Information Issues: Not Applicable (NA) for all sub-points, confirming no disputes or limitations.
  • Other Facts: None

Financial and Operational Impact

The disclosure explicitly states that the resignation is not due to any concerns regarding the company's management or financials. No financial impact is quantified in the disclosure.