Key Event
The statutory auditor of the company, M/s Raman Chawla & Associates, Chartered Accountants, New Delhi (FRN: 035543N), expressed their inability to continue as statutory auditors vide their letter dated 29 June 2026. The resignation is effective from 29 June 2026.
Reasons for Resignation
The resigning auditors cited "increasing professional commitments and personal obligations, which prevent them from devoting time and attention that the audit engagement demands" as the reason for resignation. The company explicitly states that there are no concerns raised by the resigning auditor with respect to the management of the company, and there is no material reason for the resignation beyond those stated.
Audit Completion Status
The resigning auditors confirmed they have already performed the statutory audit of the company for the financial year ended 31 March 2026 and issued their audit report on 30 May 2026.
Management Response
The Audit Committee and Board will take note of the resignation in upcoming meetings and consider the appointment of new statutory auditors to fill the casual vacancy caused by the resignation. No deliberation by the Audit Committee is required as there are no material concerns, and consequent disclosure of Audit Committee's view is not applicable.
Financial Impact
No financial impact disclosed. The resignation is procedural and does not affect previously audited financial statements.
Additional Information
- Auditor Appointment Date: 18 September 2025 (at AGM)
- Original Term: Five years until conclusion of AGM in FY2030
- Auditor Contact: +91-7017575931, ramanchawlaassociates@gmail.com
- Auditor Address: 60/2C, Second Floor, Indian Oil Complex, Yusuf Sarai, New Delhi - 110016
- The information will be made available on the company's website at https://logiciel.io/