Key Event
M/s. Shah Karia and Associates, Chartered Accountants (Registration No. 131546W), have resigned as statutory auditors of the company effective September 1, 2026. The resignation was tendered via letter dated September 1, 2026.
Reason for Resignation
The auditor cited "personal reasons" as the sole reason for resignation in their resignation letter. The company confirms there are no concerns raised by the resigning auditor with respect to the management of the company, and no material reason for the resignation beyond personal reasons.
Effective Date of Cessation
The resignation takes effect from September 1, 2026.
Tenure History
- Date of Appointment: September 4, 2025
- Scheduled Term Expiry: March 31, 2030
- Last Submitted Report: Limited Review Report for the quarter ended June 30, 2026, dated August 8, 2026
Governance Process
No deliberation by the Audit Committee is required as no concerns were raised. The disclosure of Audit Committee's view is not applicable. The Audit Committee and Board will consider the appointment of new statutory auditors to fill the casual vacancy caused by the resignation.
Additional Confirmation
The resigning auditor confirmed:
- No concerns relating to the affairs of the company requiring communication to the Audit Committee/Board
- No management-imposed limitations on obtaining audit evidence
- No significant impact on financial statements due to lack of information
- No prevalence of information issues in previous financial statements
- No other material reasons for resignation beyond those provided