Nature of the Disclosure

Shree Securities Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns the receipt of an advance intimation of resignation from the company's statutory auditor.

Key Event: Resignation of Statutory Auditor

The company received a letter dated 20th June, 2026, from its statutory auditor, M/s R.K. Kankaria & Co., Chartered Accountants (Firm Registration No. 321093E), intimating their intention to resign.

Effective Date of Resignation

The resignation of the statutory auditor will become effective from the date of the declaration of the company's financial results for the first quarter ended 30th June, 2026.

Details from the Auditor's Resignation Letter

  • Current Tenure: The auditor, R.K. Kankaria & Co., held office until the conclusion of the Annual General Meeting for the financial year 2027-28.
  • Reason for Resignation: The auditor cited "preoccupation with somewhere else" as the reason for their intention to resign.
  • Regulatory Compliance: The auditor referenced SEBI Circular CIR/CFD/CMD1/114/2019 dated 18th October 2019. As the resignation is intended after 45 days from the end of a quarter (March 2026), the auditor is required to issue the limited review/audit report for the current quarter (June 2026) and the next quarter.
  • Completed Work: The auditor confirmed they have already audited and signed the annual accounts for the year ended 31st March 2026 on 28th May 2026.
  • Pending Work: The auditor has committed to performing the statutory limited review and signing of the quarterly results for the quarter ending 30th June 2026, provided the company furnishes them with the required documents and records.
  • Request: The auditor has requested the company's board to make the necessary arrangements for appointing a new auditor and has termed their letter an "advance intimation" to ensure a smooth transition.

Financial Impact

Financial impact not quantified in the disclosure. The disclosure pertains to a change in a key managerial personnel role (auditor) and the associated compliance process.