Change in Statutory Auditors – Indian Renewable Energy Development Agency Limited

Outgoing Auditor

Name of the Resigning Firm: Not Specified

Reason for Resignation: Not Specified

Effective Date of Resignation: Not Specified

Date of Resignation Letter: Not Specified

Duration in Role (if available): Not Specified

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: M/s Shiv & Associates, Chartered Accountant and M/s MAPSS & Co., Chartered Accountant have been appointed as Joint Statutory Auditors.

Firm Registration Number (FRN): Not Specified

Term of Appointment and Validity: The appointment is for the Financial Year 2026-27.

Interim Appointment or Subject to Shareholder Approval: The appointment was conveyed by the Comptroller and Auditor General of India (C&AG) via letters dated 07.09.2026 and 25.09.2026 (in response to certain queries).

Qualifications or Professional Standing (if mentioned):

  • M/s Shiv & Associates: Established in 1990. Office at 103-105, Ajanta Market Plot No. 1, Vardhaman Indraprastha Plaza I.P. Extension, Patparganj, New Delhi - 110092. The firm has a highly specialized team of 13 Partners. It provides services including assurance, GST, Taxation, Risk Management, Secretarial Compliances, Ind AS/IFRS Advisory, Project financing, Startup Advisory, Investment Advisory, Business Advisory, and Outsourcing services. Its clients include Fortune 500 companies, Maharatna and Navratna Companies, and Banks. It was also the Statutory Auditor for the company for FY 2025-26.
  • M/s MAPSS & Co.: Established in 1984. Office at Z-8 Basement, R/S Hauz Khas, New Delhi - 110016. The firm has 16 partners and a presence across 18 locations in 6 regions. It provides services including audit and assurance, banking and financial institution audits, capital markets and regulatory compliance, taxation and business advisory, risk and forensic services, information systems and cyber-security audit, and insolvency and corporate advisory.

Financial Implications: Not Specified

Regulatory Compliance Statement (SEBI LODR, Circulars)

The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are also provided as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.

Delay in Disclosure (if applicable): Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: Not Specified

Resolutions or Approvals Given Regarding the Appointment or Resignation: The appointment was made by the Comptroller and Auditor General of India (C&AG).

Annexures / Firm Profiles (if attached)

A brief profile of the appointed Statutory Auditors is attached as Annexure I to the disclosure.

Summary of Incoming Audit Firm’s Experience, Background, or Client Profile: Provided in the 'Qualifications or Professional Standing' section above.

Any Declarations or Eligibility Confirmations: Not Specified

Other Corporate Information

Not Specified