Summary of Key Information:

Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Outcome of Board Meeting

Date of Board Meeting / Approval: September 03, 2026 (11:00 AM to 11:45 AM IST)

Audit Opinion: Not Specified

Auditor's Comment: No concerns raised by outgoing auditor

Resignation of Statutory Auditors:

The Board accepted the resignation of M/s. Nangia & Co. LLP, Chartered Accountants (FRN: 002391C/N500069) as Statutory Auditors. The resignation is effective from the conclusion of the 27th Annual General Meeting (September 26, 2026).

Reason for resignation: During FY 2025-26, the company's paid-up share capital exceeded the threshold prescribed under Section 139(2) of the Companies Act, 2013, triggering mandatory auditor rotation requirements.

The outgoing auditor confirmed:

  • No concerns were raised prior to resignation
  • Latest audit report was issued for FY 2025-26 on June 04, 2026
  • Limited review report for Q1 June 30, 2026 will be issued
  • No management-imposed limitations or circumstances affecting audit evidence

Appointment of Statutory Auditors:

Based on Audit Committee recommendation, the Board recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP (FRN: 012754N/N500016) as new Statutory Auditors, subject to shareholder approval at the 27th AGM.

Term of appointment: Five consecutive years from conclusion of 27th AGM until conclusion of 32nd AGM

Brief profile: Firm established in 1991, converted to LLP in 2014, registered office in New Delhi, has 17 branch offices, more than 120 assurance partners, and valid peer review certificate.

Relationship with Directors: None

Continuation of Directorship beyond 75 Years:

The Board approved and recommended for shareholders' approval the continuation of Mr. Upendra Kumar Sinha (DIN: 00010336) as Non-Executive Non-Independent Director upon attaining 75 years of age, pursuant to Regulation 17(1A) of SEBI Listing Regulations.

Annual General Meeting:

The Board approved convening the 27th Annual General Meeting on Saturday, September 26, 2026 at 12:00 Noon through VC/OAVM.

Record Date / Cut-off Date:

The Board fixed Saturday, September 19, 2026 as the Record Date for:

  • Determining entitlement of members to receive dividend for FY ended March 31, 2026 (subject to shareholders' approval)
  • Determining eligibility of members for remote e-voting and e-voting at the AGM

Other Significant Information:

The company's address: 1402 Tower 2B One World Center, Senapati Bapat Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013

Company Secretary and Compliance Officer: Ishu Jain (Membership No.: F10679)