Change in Statutory Auditors – Arham Technologies Limited
Outgoing Auditor
Name of the Resigning Firm: M/s. Badhan & Co., Chartered Accountants
Reason for Resignation:
The resignation was tendered due to the company's recent migration from the SME Platform (NSE Emerge) to the Main Board of the National Stock Exchange of India Limited. This migration subjects the company to additional regulatory and compliance requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including quarterly financial reporting and corresponding limited review requirements under Regulation 33. The increased scope, frequency, and extent of audit and review procedures require greater professional involvement, continuous monitoring, and timely completion. The firm cited existing professional commitments and pre-occupations as preventing them from devoting the requisite time, attention, and resources necessary to effectively discharge their responsibilities under the enhanced regulatory framework.
Effective Date of Resignation: Immediate effect (14th November, 2026)
Date of Resignation Letter: 14th November, 2026
Duration in Role:
Appointed on 25th September, 2025 at the Annual General Meeting for a term of five consecutive years, scheduled to expire at the conclusion of the Annual General Meeting in 2030 pertaining to financial year 2029-30.
Board's Acknowledgment / Statement:
The company's intimation states that the board shall consider the matter in the immediate upcoming meeting and conclude to appoint new auditors, to be informed to stakeholders immediately upon appointment.
Regulatory Compliance Statement:
The company has enclosed details as required by Annexure A of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. The auditors have confirmed compliance with applicable requirements of Section 140(2) of the Companies Act, 2013 read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014 regarding filing of Form ADT-3.
Delay in Disclosure: Not Specified
Incoming Auditor
Name of the New Audit Firm: Not yet appointed
Firm Registration Number (FRN): Not Specified
Term of Appointment and Validity: Not Specified
Interim Appointment or Subject to Shareholder Approval: The board will consider appointment in upcoming meeting
Qualifications or Professional Standing: Not Specified
Financial Implications: Not Specified
Board / Committee Meeting Details
Date and Name of the Meeting: Immediate upcoming board meeting (date not specified)
Resolutions or Approvals: The board will consider the resignation matter and conclude to appoint new auditors
Annexures / Firm Profiles
Summary of Incoming Audit Firm's Experience: Not applicable (no new firm appointed yet)
Any Declarations or Eligibility Confirmations: Not Specified
Other Corporate Information
The company has migrated from NSE Emerge (SME Platform) to the Main Board of the National Stock Exchange of India Limited. The outgoing auditors issued their latest Independent Auditor's Limited Review Report dated November 14, 2026 on the Unaudited Standalone & Consolidated Financial Results for the second quarter and half year ended September 30, 2026.
Additional Details from Annexure A
- Auditor Address: Shop No. 306, Samta Shopping Complex, Samta Colony, Raipur, Chhattisgarh, India - 492001
- Auditor Contact: Phone: 9425205368, Email: bandhanryp@gmail.com
- The auditors confirmed no concerns requiring approach to Audit Committee/Board of Directors
- No management-imposed limitations or circumstances beyond control affecting information access
- No other material reasons for resignation beyond those provided