Key Events and Dates

  • Committee of Creditors meeting held on August 4, 2026
  • Resignation of statutory auditor TLB & Co. accepted effective August 4, 2026
  • Appointment of RNM & Associates as new statutory auditor on August 4, 2026, subject to member approval at ensuing Annual General Meeting

Resignation Details

  • Previous auditor: TLB & Co. (Firm Registration No. 016505S)
  • Reason for resignation: Pre-occupation with other professional commitments (as stated in resignation letter dated July 10, 2026, and restated on August 4, 2026)
  • Resigning partner: Abuali Darukhanawala (Membership No. 108053)
  • TLB & Co. confirmed no other reasons for unwillingness/non-acceptance and no matters requiring notice to shareholders or creditors

New Auditor Appointment

  • New auditor: RNM & Associates, Chartered Accountants
  • Head office: Lucknow with 4 branch offices and six partners
  • Client base includes private and government/semi-government organizations
  • Areas of practice: Taxation, Corporate Law, GST, and many more areas
  • Appointment subject to member approval at ensuing Annual General Meeting