The resignation is effective from July 3, 2026. The audit committee and board of directors have taken note of the resignation and will recommend the appointment of a new statutory auditor in accordance with the Companies Act, 2013 and SEBI LODR Regulations, 2015, subject to shareholder approval where required.

Key Details from Auditor's Resignation Letter:

  • Appointment Date: Originally appointed pursuant to shareholder resolution passed on July 12, 2024 for a 5-year term from FY 2024-2025 to FY 2028-2029
  • Reason for Resignation: Increased professional effort and resources required to conduct audit for a listed company of this size; challenges in deploying quality resources to ensure quality audit procedures in a constantly dynamic environment
  • Last Audit Report: Issued independent audit report for standalone and consolidated financial statements for year ended March 31, 2026 on May 25, 2026
  • No Disputes: The resignation does not result from inability to obtain sufficient appropriate audit evidence. No circumstances connected with the resignation need to be brought to the board's notice
  • No Management Issues: The firm has no dispute nor any concern regarding suppression of information by management for audit purposes
  • Regulatory Compliance: The auditor will file Form ADT-3 with Registrar of Companies within prescribed time under Section 140(2) of Companies Act, 2013 read with Rule 8 of Companies (Audit and Auditors) Rules, 2014

Annexure-A Disclosures:

  • Auditor Details: M/s. S. Viswanathan LLP, 17 Bishop Wallers Avenue (West), Mylapore, Chennai-600004
  • Contact: Phone: 91-44-24991147, 24994423; Email: adminchennai@sviswallp.in
  • Appointment Timeline: Appointed on May 17, 2025; term was scheduled to expire at the Annual General Meeting for FY 2028-29
  • Additional Clarifications: All responses to concerns, information requests, and alternative procedures were marked "Not Applicable"
  • Other Facts: None

The company secretary, P.S. Ravishankar, signed the intimation on July 3, 2026 at 14:39:30 IST.

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