Key Quantitative Figures

  • Auditor Firm Registration Number: 003304N/N500056
  • LLP Identification No.: AAI-1738
  • Latest audit reports submitted: May 1, 2026 for FY2025-26 financial statements
  • Resignation date: July 24, 2026 (effective immediately)
  • AGM date: June 20, 2026

Dates of Action

  • Annual General Meeting held: June 20, 2026
  • Email from Company Secretary informing of appointment: July 13, 2026
  • Resignation letters dated: July 24, 2026
  • Disclosure to stock exchanges: July 30, 2026
  • Latest audit reports submitted: May 1, 2026

Parties Involved

Listed Entity: IKIO Technologies Limited

Material Subsidiaries:

  • Royalux Lighting Private Limited (RLPL)
  • IKIO Solutions Private Limited (ISPL)
  • Royalux Exports Private Limited (REPL)

Resigning Auditor: BGJC & Associates LLP, Chartered Accountants (Partner: Pranav Jain, Membership No.: 098308)

Regulatory References: SEBI LODR Regulation 30, SEBI Master Circular dated January 30, 2026, Companies Act 2013

Detailed Reasons for Resignation

The statutory auditor resigned due to procedural non-compliance by the companies:

  • The companies did not serve the notice convening the Annual General Meeting (held June 20, 2026) to the existing statutory auditors, despite statutory entitlement under Companies Act 2013
  • The auditors were neither informed nor consulted regarding the proposal to appoint Joint Statutory Auditors
  • This deprivation prevented the auditors from exercising their rights under the Act
  • The auditors stated this affected the level of communication and coordination required for the engagement
  • They considered it inappropriate to continue and resigned with immediate effect

Auditor Tenure Details

For Royalux Lighting Private Limited:

  • Appointment date: September 16, 2023
  • Scheduled term expiry: Conclusion of AGM for year ending March 31, 2028

For IKIO Solutions Private Limited:

  • Appointment date: September 30, 2022
  • Scheduled term expiry: Conclusion of AGM for year ending March 31, 2027

For Royalux Exports Private Limited:

  • Appointment date: September 30, 2022
  • Scheduled term expiry: Conclusion of AGM for year ending March 31, 2027

Important Confirmations

  • No audit-related concerns requiring prior escalation to Audit Committee/Board of Directors
  • No inability to obtain sufficient appropriate audit evidence due to management limitations
  • No significant impact on financial statements from lack of information
  • No prevalence of information issues in previous financial statements
  • No other material reasons for resignation beyond those stated

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

No capital structure impact disclosed.

Forward-looking Guidance

No forward-looking guidance or management commentary provided.