Key Decision

Board of Directors meeting held on Tuesday, July 21, 2026 at the Registered Office (A-13, Royal Industrial Estate, Naigaon Cross Road, Wadala West, Mumbai - 400031) considered and approved the mutual termination of Internal Audit engagement of M/s. R. C. Jain & Associates LLP, Chartered Accountants.

Termination Details

  • Effective Date: July 20, 2026
  • Reason: Mutual termination by consent, not due to any dispute, disagreement or deficiency in services
  • Background: Internal Auditors successfully completed Internal Audit assignment for financial year 2025-26 and requested discontinuation of their engagement for remaining tenure
  • Original Tenure: Appointment was for financial years 2025-26 to 2030-31
  • Termination Scope: Engagement terminated for remaining period from financial year 2026-27 onwards

Regulatory Compliance Disclosure

Disclosure made as required under Regulation 30 and Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023

Tabular Disclosure Details

| Particulars | Details |

| Name | R. C. Jain & Associates LLP, Chartered Accountants |

| Category | Internal Auditor |

| Reason for change | Mutual termination of Internal Audit engagement pursuant to mutual discussions and understanding between Company and Internal Auditor |

| Date of cessation | 20 July 2026 |

| Brief profile | Internal Auditor completed Internal Audit for FY 2025-26 and mutually agreed to discontinue engagement for remaining tenure |

| Additional remarks | Termination not due to any dispute, disagreement, adverse opinion or deficiency in services rendered by either party |

| Letter of Internal Auditor | Enclosed with disclosure |

Auditor Confirmation

R. C. Jain & Associates LLP confirmed via letter dated July 20, 2026 that:

  • They successfully completed Internal Audit assignment for financial year 2025-26 and submitted reports
  • Termination is by mutual consent effective July 20, 2026
  • No dispute, disagreement or deficiency on part of either party
  • They thanked the Board, management and staff for cooperation and support

Financial Impact

No financial impact quantified in the disclosure. The termination represents an administrative change in service provider relationship.