Key Quantitative Details
- Auditor Firm Registration Number: S200357
- Date of Resignation Letter: 9th October 2026
- Effective Date of Resignation: 9th October 2026
- Board Meeting Duration: Commenced at 5:00 PM and concluded at 5:30 PM on 10th October 2026
Dates of Action
- Resignation Tendered: 9th October 2026
- Audit Committee Meeting: 10th October 2026
- Board Meeting: 10th October 2026
- Digital Signature Date: 10th October 2026 at 17:31:50 IST
Parties Involved
- Resigning Auditor: M/s. GMK & Co, Chartered Accountants (ICAI FRN: S200357)
- Auditor Signatory: Gottipalli Rajdeep Lawrence, Partner (Membership No. 242206)
- Company Signatory: Srinivasa Reddy Arikatla, Managing Director (DIN: 01673552)
- Regulatory Recipient: Bombay Stock Exchange Limited, Listing Department
Reason for Resignation
The statutory auditor resigned due to "pre-occupation/other professional commitments" as stated in their resignation letter dated 9th October 2026.
Audit Committee Comments
The Audit Committee, at its meeting on 10th October 2026:
- Noted that no adverse concerns, disagreements, or limitations on scope were reported by the auditors
- Considered the reasons for resignation (pre-occupation) as satisfactory and convincing
- Verified that the auditors completed the limited review report for the quarter ended 30th June 2026 as per SEBI circular requirements prior to cessation
Board Action
The Board of Directors, at its meeting on 10th October 2026:
- Noted the resignation of the statutory auditors
- Confirmed there are no other reasons beyond those stated in the resignation letter
- Is taking necessary steps to appoint another auditor to fill the resultant casual vacancy
Additional Information
The company has branches in Hyderabad, Bengaluru, Princeton (NJ, USA), and San Francisco (CA, USA). The registered office is at 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Off New Link Rd, Behind Goregaon Sport Club, Malad (W), Mumbai, Maharashtra-400064.
Financial Impact
Financial impact not quantified in the disclosure.