Content Guidelines (Financial Analyst View)

Outgoing Auditor:

Not Specified

Incoming Auditor:

Name of the New Audit Firm: M/s RSM India

Term of Appointment and Validity: The term of appointment is for the Financial Years 2026-27 and 2027-28.

Interim Appointment or Subject to Shareholder Approval: The appointment was approved by the Board of Directors based on the recommendation of the Audit Committee. The disclosure does not specify if shareholder approval is required.

Qualifications or Professional Standing (if mentioned):

  • M/s RSM India is a member of RSM International.
  • The firm has been operating in India since 1996.
  • It has a presence across 13 cities in India.
  • It employs over 3,000 professionals.
  • The firm provides internal audit, risk advisory, and consulting services.
  • It leverages technology-driven tools including ACL, Alteryx, and Power BI to enhance audit quality and coverage.
  • It serves a diverse clientele across industries.
  • It is empaneled with regulatory bodies such as the Comptroller and Auditor General (CAG) and the Public Company Accounting Oversight Board (PCAOB).
  • The firm follows ISO-certified processes.
  • It adopts a structured, risk-based internal audit methodology supported by subject matter experts across various domains.

Board / Committee Meeting Details:

Date and Name of the Meeting: The Board meeting was held on May 28, 2026.

Resolutions or Approvals Given Regarding the Appointment or Resignation: The Board approved the proposal for appointing M/s RSM India as the Internal Auditors of the Company. This approval was based on the recommendation of the Audit Committee.

Regulatory Compliance Statement (SEBI LODR, Circulars):

The disclosure is made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations').

Additional information is provided as required by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026.

Annexures / Firm Profiles (if attached):

A detailed profile of M/s RSM India is provided within the disclosure (Annexure-A).

Other Corporate Information:

The letter is signed by Ramakrishna Kamojhala, Whole Time Director and CFO (DIN: 07004517).