Key Quantitative Figures
- Auditor Firm Registration Number (FRN): 000816S
- Resignation Date: 28 October 2026
- Previous auditor appointment date: 10 October 2026
- Form ADT-3 filing timeline: Within 30 days of resignation
Dates of Action
- Resignation letter date: 28 October 2026
- Company intimation date: 29 October 2026
- Effective cessation date: 28 October 2026 (immediate effect)
Parties Involved
- Resigning Auditor: M/s. Eswara Rao & Co., Chartered Accountants
- Signing Partner: Ms. Karra Pranavi (Membership No. 232994)
- Previous Auditor: M/s. Vasavi & Co., Chartered Accountants (resigned previously)
- Company Representative: Dr K Koteswara Rao, Managing Director (DIN: 07167872)
Reason for Resignation
The statutory auditors resigned due to "pre-occupation in other assignments," stating they are "not in a position to devote sufficient time to the affairs of the Company."
Auditor Confirmations
The resigning auditors confirmed:
- No audit or limited review work was commenced, including for the quarter ended 30 September 2026
- No instance of non-availability of information or non-cooperation by management during their tenure
- No concerns to report to the Audit Committee
- Will file Form ADT-3 with Registrar of Companies within 30 days as required
Company Action
The company will take necessary steps for appointment of a new statutory auditor in accordance with applicable provisions of the Companies Act, 2013 and SEBI LODR Regulations.
Background Context
The auditors were appointed on 10 October 2026 to fill the casual vacancy caused by the resignation of M/s. Vasavi & Co., Chartered Accountants.
Financial Impact
Financial impact not quantified in the disclosure.
Capital Structure Impact
No capital structure impact mentioned in the disclosure.