Section A – Auditor Resignation Details

  • Name of Resigning Auditor: M/s P G Hemani & Co. Chartered Accountants (FRN: 103628W)
  • Designation: Statutory Auditor
  • Reason for Resignation: Professional preoccupation elsewhere
  • Effective Date of Resignation: August 04, 2026
  • Date of Resignation Letter: August 04, 2026
  • Duration in Role: Appointed on July 29, 2025, with term scheduled to expire at the conclusion of AGM in 2030
  • Board's Acknowledgment: The company states there are no concerns raised by the resigning auditor with respect to management, and no material reason for resignation requiring Audit Committee deliberation
  • Replacement Appointed: Not yet appointed. The Audit Committee and Board will consider appointment of new statutory auditors in due course
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Delay in Disclosure: Not applicable - disclosure made on August 05, 2026 for resignation dated August 04, 2026

Analytical Add-On: The resignation appears routine and non-confrontational, citing professional preoccupation as the sole reason. The auditor had recently completed the FY2026 audit without raising any concerns about management or financial reporting. This suggests minimal disruption to financial reporting integrity or operational continuity. The resignation appears strategic/personal rather than performance-linked or regulatory-linked.

Section B – Additional Observations

  • Transition Details: The resigning auditor expressed thanks for cooperation and support received during their tenure
  • Successor Appointments: No successor appointed yet. The company states the Audit Committee and Board will consider appointment of new statutory auditors in due course to fill the casual vacancy

Section C – Financial & Governance Disclosures

  • Audited Financial Results: The resigning auditor completed the audit of standalone financial statements for the year ended March 31, 2026, and submitted their report on May 27, 2026. Specific financial figures were not disclosed in this filing.
  • Auditor's Report Summary: The resignation letter and annexures indicate an unmodified opinion was issued for FY2026, with no qualifications, emphasis of matter, or concerns raised about the financial statements
  • Board/Committee Updates: No other board or committee updates disclosed beyond the auditor resignation process