Key Event: Resignation of Statutory Auditor
- A Meeting of the Board of Directors held on 11th August 2026 noted and accepted the resignation of M/s G.R. Gupta & Company (Firm Registration No: 006201C), Chartered Accountants, as Statutory Auditors of the Company.
- The resignation was tendered and is effective from 11th August 2026.
- The stated reason for resignation, as per the auditor's letter, was that the engagement was "Not commercially viable to continue as Statutory Auditor at the fee previously paid."
- The auditor confirmed that no other material reason existed for the resignation.
- Prior to resignation, the auditor submitted a Limited Review report for the quarter ended 30th June 2026, dated 11th August 2026.
- The auditor stated that no concerns were raised with the Audit Committee or Board prior to resignation, and all requested information was provided by management (no management-imposed limitations).
- The Audit Committee and Board placed on record their appreciation for the services rendered by M/s G.R. Gupta & Company.
Key Event: Appointment of New Statutory Auditor
- Pursuant to Section 139 and other applicable provisions of the Companies Act, 2013, the Board of Directors at its meeting on 11th August 2026 approved the appointment of M/s Dhadda and Associates (FRN: 013807S), Chartered Accountants, as the new Statutory Auditors.
- This appointment was based on the recommendation of the Audit Committee.
- The appointment is made to fill the casual vacancy caused by the resignation of M/s G.R. Gupta & Company.
- The appointment is effective from 11th August 2026.
- The appointment is subject to the approval of shareholders at the ensuing General Meeting of the Company.
- The remuneration for the new auditors is to be decided by the Board of Directors in consultation with the audit firm.
Profile of New Auditor
M/s Dhadda and Associates is described as a Peer-Reviewed Chartered Accountancy Firm established in 2012 with a PAN India presence. The firm offers services including Audit & Assurance, Valuation, Forensic Audit, Financial Advisory, Ind AS, ESG/BRSR, and Impact Assessment services.
Financial Impact
Financial impact not quantified in the disclosure.
Capital Structure Impact
No impact on capital structure disclosed.
Parties Involved
- Resigning Auditor: M/s G.R. Gupta & Company (FRN: 006201C)
- New Auditor: M/s Dhadda and Associates (FRN: 013807S)
- Regulator: SEBI, BSE Limited
- Company Representatives: Mansha Ghiya (Compliance Officer and Company Secretary), Lakshita Sharma (Director, DIN: 09831479)
- Auditor Representative: CA G.R. Gupta (Partner, M.No. 072665)