Demise of Cost Auditor- Mr. Maulik Shah (proprietor of M/s Maulik Shah & Co.)
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Axis Solutions Ltd has informed the stock exchange about the unfortunate demise of Mr. Maulik Shah, proprietor of M/s Maulik Shah & Co., who was the Cost Auditor of the company for the financial year 2025-26. The cessation date is 28th September 2025. The company has stated that it is in the process of appointing a new Cost Auditor and will update the exchange once the appointment is finalized. This filing is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR). The company was formerly known as Asya Infosoft Limited.
This is a procedural announcement due to the unforeseen death of the cost auditor and is unlikely to have any material impact on the stock price or shareholders. The company will need to appoint a replacement promptly to ensure timely completion of cost audit requirements for FY 2025-26.