Kaarya Facilities and Services Limited filed a regulatory disclosure regarding the resignation of its statutory auditors, M/s. Piyush Kothari & Associates, Chartered Accountants (FRN: 140711W). The filing was made pursuant to SEBI Regulation 30(2) read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and includes additional details as required by SEBI circular dated October 18, 2019.
Resignation Details
- Effective Date of Resignation: 31st August 2026
- Auditor Appointment Date: 30th September 2025 (for a 5-year term until conclusion of AGM in 2030)
- Latest Audit Completed: Financial Year 2025-26 (results issued on 29th May 2026)
- Reason for Resignation: Auditor cited "other pressing commitments and pre-fixed assignments" as the reason, stating they would not be able to "do full justice to the audit" due to these commitments
- Resignation Letter Date: 31st August 2026
Key Disclosures
- The auditor confirmed they have completed all statutory audits through FY25-26
- No concerns were raised with the Audit Committee/Board of Directors prior to resignation
- No management-imposed limitations or circumstances beyond management's control affecting the audit
- No significant impact on financial statements/results due to lack of information
- No alternative procedures were required under SA 705 (Revised)
- No previous issues in prior financial statements
- No other material reasons for resignation beyond those stated
Auditor Information
- Name: Piyush Kothari & Associates
- Address: 208, Hemkoot Building, Nr. Gandhigram Railway Station, Ashram Road, Ahmedabad (Gujarat) - 380009
- Partner: Piyush Kothari (M. No. 158407)
Management Response
The resignation was accepted by Vineet Pandey, Managing Director (DIN: 00687215). The disclosure emphasizes that the resignation was discussed with management and is "not intended to reflect adversely on your Company in any way." The auditor will file ADT-3 with ROC as required under Companies Act 2013.