Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, intimation regarding resignation of secretarial auditor is given.
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Anand Rayons Limited has informed the stock exchange that M/s Paliwal & Co., Practicing Company Secretaries (Ahmedabad) has resigned as the company's Secretarial Auditor with effect from July 26, 2025. The auditor cited pre-occupation with other assignments as the reason for stepping down. The company has clarified that no concerns were raised by the auditor regarding the management and there is no material reason behind the resignation. The Audit Committee and Board will appoint a new Secretarial Auditor in due course.
This is a routine mid-term auditor change without any governance red flags, as the auditor cited personal workload reasons and raised no concerns about the company. Shareholders should monitor for the appointment of a new secretarial auditor, but no material impact on stock price or operations is expected.