Section A – KMP Resignation Details
- Name of Resigning KMP: NSVR & Associates LLP., Chartered Accountants
- Designation: Statutory Auditor
- Reason for Resignation: Due to preoccupation with other assignments
- Effective Date of Resignation: Closing of business hours of September 29, 2026
- Date of Resignation Letter: September 29, 2026
- Duration in Role: Appointed for 5 consecutive years from conclusion of 6th Annual General Meeting (September 28, 2022) until 11th Annual General Meeting
- Board's Acknowledgment / Statement: Audit Committee and Board of Directors will take note of resignation in upcoming meetings and recommend appointment of new Statutory Auditors for Shareholders' Approval
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sub-clause (7A) inserted under Clause A in Part A of Schedule III under Regulation 30(2) read with SEBI Circular no - CIR/CFD/CMDI/114/2019 dated October 18, 2019, SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and non-confrontational, occurring after completion of the FY2026 audit. The auditor explicitly states no issues with audit evidence or disputes with management, suggesting minimal impact on financial reporting integrity. The transition appears planned with adequate time for successor appointment.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: The Audit Committee and Board will address the resignation in upcoming meetings and recommend new auditor appointment for shareholder approval
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
Not Specified