Systematix Securities Limited filed a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. This filing was made in response to a query from Bombay Stock Exchange received on 14th August 2026 at 15:31 PM.

Resignation of Statutory Auditor

M/s Jyoti Dad & Co. Chartered Accountants (Firm Registration Number: 013288C) tendered their resignation as Statutory Auditor of the Company effective from 13th August 2026.

Details of Outgoing Auditor:

  • Name: M/s Jyoti Dad & Co. Chartered Accountants
  • Address: 601, Vasudev Dham, 150 feet Road, Near Flyover Bhayandar West, Mumbai, Maharashtra-401101
  • Phone Number: 9320879653
  • Date of Original Appointment: 08-09-2022
  • Scheduled Term Expiry: Until conclusion of the 41st Annual General Meeting (five-year term)
  • Latest Audit Report Submitted: Independent Auditors' Report for the year ended 31st March 2026, submitted on 13-08-2026

Reason for Resignation: Administrative and operational restructuring of the Company's audit assignments.

Key Declarations from Auditor:

  • No concerns were raised prior to resignation
  • No inability to obtain sufficient appropriate audit evidence
  • No significant impact on financial statements/results due to lack of information
  • No alternative procedures were required for audit evidence
  • No prevalence of lack of information in previous financial statements

Appointment of New Statutory Auditor

Based on the recommendation of the Audit Committee, the Board of Directors at its meeting held on 13th August 2026 approved the appointment of M/s. SSRV & Associates, Chartered Accountants (FRN: 135901W) as Statutory Auditor of the Company, subject to shareholder approval.

Details of New Auditor:

  • Name: M/s. SSRV & Associates, Chartered Accountants
  • Firm Registration Number: 135901W
  • Date of Appointment: 13-08-2026 (Board approval date)
  • Term of Appointment: From Board approval date until conclusion of next General Meeting, subject to shareholder approval
  • Brief Profile: A professionally managed firm of several decades engaged in audit, taxation, assurance and advisory services
  • Relationship with Directors/KMP: Not Applicable

Additional Disclosure under Regulation 36(5):

  • Proposed fees: To be mutually decided by the Board and Auditor after review by Audit Committee
  • Fee Change Rationale: The fee considers enhanced size of company operations, scope of services, and experience/profile of proposed auditors
  • Basis of Recommendation: Fulfillment of eligible criteria as prescribed under Companies Act, 2013

Auditor Resignation Letter

The resignation letter from M/s Jyoti Dad & Co. dated 13th August 2026 confirms the resignation was tendered at the company's request due to administrative and operational restructuring of audit assignments. The auditor expressed gratitude for cooperation received during their tenure and committed to providing necessary professional clearances to incoming auditors.