Key Events and Dates

  • Board meeting held on August 11, 2026 noted and accepted resignation of statutory auditors
  • Resignation of M/s. MAKK & Co (FRN: 117246W) effective August 11, 2026
  • Appointment of M/s. MKPS & Associates LLP (FRN: 302014E/W101061) effective August 11, 2026
  • Shareholder approval required at ensuing General Meeting

Resignation Details

Outgoing Auditor: M/s. MAKK & Co, Chartered Accountants (FRN: 117246W)

Date of Original Appointment: April 1, 2023

Date of Resignation: August 11, 2026

Reason for Resignation: Merger of MAKK & Co with MKPS & Associates LLP, consequent to which professional practice and assignments are being merged under MKPS & Associates LLP

New Appointment Details

Incoming Auditor: M/s. MKPS & Associates LLP, Chartered Accountants (FRN: 302014E/W101061)

Nature of Appointment: To fill casual vacancy caused by resignation of existing statutory auditors

Term: Effective from August 11, 2026, subject to shareholder approval

Basis of Appointment: Recommendation of Audit Committee and Board approval

Auditor Confirmations

MKPS & Associates LLP provided comprehensive confirmations including:

  • Consent to act as statutory auditors
  • Eligibility under Section 139 of Companies Act, 2013
  • Non-disqualification under Section 141 of Companies Act, 2013
  • Compliance with audit limit requirements
  • Independence confirmation
  • Valid Peer Review Certificate held
  • Compliance with professional standards and ethical requirements
  • No material relationships with Directors or Key Managerial Personnel
  • Compliance with Section 144 prohibited services
  • Eligibility for listed entity appointment
  • No material conflict of interest

Exception Note

MKPS & Associates LLP disclosed: "However, there is a proceeding in respect of one partner of the firm which is still under progress and no finality has been reached."

Transition Arrangements

Outgoing auditor committed to extend all necessary co-operation for smooth transition of audit and handover of relevant records and information.

Appreciation

Audit Committee and Board placed on record their appreciation for the contribution made by outgoing statutory auditors during their tenure.

#Tags: #FuturisticSecurities #StatutoryAuditorChange #SEBIRegulation30 #CorporateGovernance #Neutral