Key Event Details
M/s. Pankaj R. Shah, Chartered Accountants (Firm Registration No: 107361W), the existing Statutory Auditors of Rushil Decor Limited, have shown their unwillingness to be appointed for a second term as statutory auditor. This was communicated via letter dated 23rd July, 2026.
Auditor Tenure Details
- First term appointment date: 27-09-2021 (pursuant to shareholders' resolution)
- Current term expiration: Upon conclusion of forthcoming Annual General Meeting in calendar year 2026
- Latest audit report submitted: Independent Auditor's Report on Financial Statements for year ended 31st March, 2026, submitted on 29.05.2026
Reasons for Unwillingness
The auditors cited increasing professional commitments and audit engagements, along with difficulty devoting time to the company's Andhra Pradesh and Karnataka units, as reasons for not seeking reappointment.
No Disagreement Confirmation
The auditors explicitly confirmed that their decision is not due to any disagreement with management or the Board of Directors on any matter relating to:
- Audit procedures
- Financial statements
- Accounting policies
- Records and disclosures
- Any information made available during their tenure
Next Steps
The Audit Committee and Board of Directors will take note of the unwillingness letter in their upcoming meetings and take necessary steps for appointment of new Statutory Auditor in the General Meeting.
Auditor Contact Information
- Firm Name: Pankaj R. Shah & Associates
- Address: 7th Floor, Regency Plaza, Opp. Rahul Tower, Anandnagar Cross Roads, Satellite, Ahmedabad 380015, India
Financial Impact
No financial impact disclosed. The change is administrative regarding auditor appointment.
Effective Date
The current auditors' term will continue until the conclusion of the 2026 Annual General Meeting.