Key Event

M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), resigned as the Statutory Auditors of Automobile Corporation of Goa Limited with effect from November 12, 2026.

Details from Annexure A (Regulatory Prescribed Details)

  • Reason for change: Resignation as Statutory Auditors as stated in the resignation letter.
  • Date of cessation: November 12, 2026.
  • Brief profile and director relationships: Not Applicable (N.A.).

Details from Resignation Letter (Annexure B)

  • Date of Original Appointment: The firm was appointed pursuant to a shareholder's resolution dated June 24, 2022.
  • Original Term: The appointment was for a period of 5 years, until the conclusion of the 47th Annual General Meeting to be held in 2027.
  • Most Recent Audit Work: The auditors completed the audit of the financial statements and financial results for the quarter and year-to-date period ended September 30, 2026. They issued their audit report on October 21, 2026.
  • Stated Reason for Resignation: The resignation is a result of mutual agreement with the company's management. The primary reason is the company's expected change in status from an associate company to a subsidiary of Tata Motors Limited. The management intends to align the company's auditors with those of Tata Motors Limited for synergies and consistency in the audit process.
  • Annexure A Completion: The auditors attached a completed Annexure A as required by Section V-D of the SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026.
  • Regulatory Compliance: The auditors stated they would be forwarding a copy of the ADT-3 form, as required under the Companies Act 2013, to the Registrar of Companies (ROC) in due course.

Annexure A from Auditors (Detailed Information)

  • Listed Entity: Automobile Corporation of Goa Limited
  • Auditor Details:
  • Name: B S R & Co. LLP
  • Address: 8th Floor, Unit 802, Godrej Koregaon Park, North Main Road, Mundhwa, Pune, Maharashtra, 411001
  • Association Details:
  • Appointment Date: June 24, 2022
  • Scheduled Term Expiry: Conclusion of the 47th Annual General Meeting
  • Latest Report: Audit opinion on financial statements and results for the period ended September 30, 2026, issued on October 21, 2026.
  • Reasons for Resignation: Refer to the attached resignation letter.
  • Concerns and Information Requests: The auditor explicitly stated "Not Applicable" for any concerns, efforts made prior to resignation, or any inability to obtain information from management.
  • Other Facts: "Not Applicable"

Company Declaration

The company explicitly stated that there are no concerns raised by the resigning auditor regarding management and no material reasons for the resignation other than those stated in the resignation letter.

Filing and Signatory Details

  • Date of Disclosure: November 13, 2026
  • Signatory for Company: Santhosh Shadadal, Company Secretary & Compliance Officer
  • Signatory for Auditor: Kalpesh Khandelwal, Partner (Membership No: 133124)
  • Regulatory Reference: SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.