Key Quantitative Figures and Dates

  • Resignation Date: June 23, 2026
  • Auditor Appointment Date: September 30, 2025 (at AGM)
  • Appointment Tenure: Five consecutive financial years from FY 2025-26 through FY 2029-30
  • Last Audit Report Date: May 29, 2026 (for quarter and financial year ended March 31, 2026)
  • Effective Resignation Date: Close of business hours on June 23, 2026
  • Auditor FRN: 005386S/S000195

Parties Involved

  • Resigning Auditor: M N Rao & Associates LLP, Chartered Accountants
  • Designated Partner: Mr. V Venkata Bhavana (Membership No. 243589)
  • Company Representative: Poonam Chaturvedi, Managing Director (DIN: 05163733)
  • Regulatory Authorities: Bombay Stock Exchange, SEBI, Registrar of Companies (ROC), Telangana

Reasons for Resignation

As stated in the resignation letter and Annexure A, the reasons are:

1. Change in the Management and Shareholding Pattern of the Company

2. The Company's intention to appoint another auditor as per its discretion and strategic requirements

Statutory Declarations by Auditor

The resigning auditors declared:

  • No disputes or disagreements of any nature regarding financial statements, internal controls, or audit methodology
  • No qualifications, reservations, adverse remarks, or disclaimers in any audit reports during their tenure
  • Compliance with ICAI Code of Ethics, Auditing Standards, and all applicable regulatory requirements
  • No pending or outstanding matters of audit significance requiring disclosure to Audit Committee or Board
  • Successful completion of statutory audit for FY ended March 31, 2026 with report issued May 29, 2026

Required Actions

As requested by the auditors, the company should:

  • Forward resignation letter with Board's acceptance to Registrar of Companies (ROC), Telangana within 30 days
  • Notify Central Government if required as per statutory provisions
  • Inform Stock Exchanges (BSE and NSE) regarding the change of auditors
  • Conduct process for appointment of new auditors in accordance with Companies (Audit and Auditors) Rules, 2014
  • Ensure compliance with NFRA guidelines for auditor appointments

Additional Information

  • Auditor address: 506, Flat No. Aparna Green Homes, Nanakramguda, Near Outer Ring Road Circle, Gachibowli, Medchal-Malkajgiri - 500 032, Telangana State
  • Auditor contact: Phone 7416996798, Email mnraoandassociates@gmail.com
  • The resignation was tendered following discussions with the Company's Board and Management
  • The auditor has undertaken to cooperate fully with incoming auditors for smooth transition