Resignation of Statutory Auditor

M/s A V H P & Company LLP (FRN: W100671), Chartered Accountants, resigned as Statutory Auditors of the Company with effect from 04 November 2026.

The resignation was tendered due to the engagement partner (CA Hitesh Purohit) having signed the Company's audit reports continuously for ten years (from FY 2016-17 to FY 2025-26) through different firms (M/s Keni & Purohit, M/s H M Purohit & Associates, and A V H P & Company LLP). The firm considered it prudent to step down to safeguard auditor independence following the Company's listing on BSE SME on 07 August 2026, in the spirit of Section 139(2) of the Companies Act, 2013, Rule 6 of the Companies (Audit and Auditors) Rules, 2014, and the ICAI Code of Ethics on long association.

The auditor confirmed that no concerns were raised with management or the Audit Committee, all information and explanations sought were obtained, and there were no other material reasons for resignation.

The last audit report was dated 15 July 2026 on financial statements for FY 2025-26, and the last limited review report was dated 29 October 2026 for the half-year ended 30 September 2026.

Appointment of New Statutory Auditor

The Board of Directors, based on the recommendation of the Audit Committee and subject to approval of shareholders at the ensuing General Meeting, approved the appointment of M/s Rao & Shyam (FRN: 006186S), Chartered Accountants as the new Statutory Auditors of the Company with effect from 05 November 2026 to fill the casual vacancy.

M/s Rao & Shyam is a partnership firm established in 1993 with presence in Mumbai, Visakhapatnam, and Hyderabad. The firm offers services including Statutory Audit, Internal Audit, Accounting, Taxation, Business Advisory, Project Management, and other assurance services.

The firm provided consent and eligibility certificate confirming they satisfy conditions under Section 141 of the Companies Act, 2013, are not disqualified under relevant laws, and have no pending proceedings regarding professional conduct.

Board Meeting Details

The Board Meeting was held on 05 November 2026, commencing at 1:30 PM and concluding at 1:55 PM. The meeting noted and accepted the resignation of M/s A V H P & Company LLP and approved the appointment of M/s Rao & Shyam.

Financial Impact

Financial impact not quantified in the disclosure.