Auditor Resignation Details

  • Auditor: M/s. Mehta Chokshi & Shah LLP, Chartered Accountants (Firm Registration No: 106201W/W100598)
  • Effective Date: August 11, 2026 (from closing working hours)
  • Reason for Resignation: Resignation due to constraints relating to audit fees

Background of Appointment

  • Originally appointed pursuant to resolution passed by members at Annual General Meeting held on September 25, 2025
  • Appointment made in accordance with Section 139 of Companies Act, 2013

Reason for Resignation

  • Auditor submitted fee proposal for FY 2026-27 along with scope of audit work
  • Company did not approve the fee proposal
  • Resignation due to absence of agreed and adequate remuneration commensurate with scope, effort, and professional responsibility
  • Auditor explicitly states this is a business decision arising solely from non-agreement on fees
  • No other reasons, facts, or circumstances requiring disclosure to members or creditors

Legal Framework

  • Resignation tendered pursuant to Section 140(2) of Companies Act, 2013 read with Rule 8 of Companies (Audit and Auditors) Rules, 2014
  • Auditor will file statement of resignation in Form ADT-3 with Registrar of Companies within 30 days from August 11, 2026

Company Obligations

  • Company must appoint new statutory auditor in accordance with Companies Act, 2013 provisions
  • May need to fill casual vacancy pursuant to Section 139(8) of the Act

Additional Auditor Requests

  • Request for settlement of outstanding professional fees for work already completed
  • Confirmation of willingness to provide reasonable assistance and clarification to incoming auditor for smooth transition