Key Events and Dates
- Previous Auditor Resignation: M/s. Piyush Kothari & Associates, Chartered Accountants (Firm Registration No.: 140711W) resigned, as referenced in the company's letter dated 1st September, 2026.
- Board Meeting: Held on 2nd September, 2026, from 5:00 p.m. to 6:00 p.m.
- New Auditor Appointment: The Board of Directors, based on the recommendation of the Audit Committee, appointed M/s. Babubhai Patel & Associates, Chartered Accountants (Firm Registration No.: 100816W) as statutory auditors.
Appointment Details
Phase 1 - Casual Vacancy Filling:
- Effective from 2nd September, 2026
- Term: Until the conclusion of the ensuing Annual General Meeting (AGM)
- Subject to shareholder approval at the AGM
Phase 2 - Long-term Appointment:
- Term: 5 consecutive years
- Commencement: From the conclusion of the Eighth AGM (2026)
- Conclusion: At the conclusion of the Thirteenth AGM (2031)
- Subject to shareholder approval
New Auditor Profile
Firm Details:
- Name: M/s. Babubhai Patel & Associates, Chartered Accountants
- Registration No.: 100816W
- Establishment Date: 5th May, 1988
- Office Address: A-11, 2nd Floor, Ajanta Commercial Centre, Near I.T. Circle, Ashram Road, Ahmedabad – 380 014, Gujarat
- Experience: Over three decades in statutory audit, tax audit, internal audit, and taxation
Partners:
- CA Babubhai P. Patel (Membership No. 009376)
- CA Chetankumar M. Patel (Membership No. 148596)
- CA Dipal S. Patel (Membership No. 153779) - Will be in charge of the company's audit
Certifications and Compliance:
- Peer Review Certificate No. 025800 dated 07/05/2026, valid until 31/05/2029
- Eligible for appointment under Regulation 33(1)(d) of SEBI Listing Regulations
- Furnished written consent and certificate under section 139(1) of Companies Act, 2013
- Confirmed not disqualified under section 141 of Companies Act, 2013
- No debarment history from ICAI, SEBI, NFRA, or any other regulatory authority
Financial Impact
No financial impact quantified in the disclosure.