Chembond Material Technologies Limited has informed the Exchange regarding 'Additional Details Required for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015.'.
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Chembond Material Technologies has provided additional details to the stock exchanges about the resignation of its statutory auditor SHBA & Co LLP, originally intimated on May 30, 2025. The auditor is stepping down at the upcoming AGM after completing the FY25 statutory audit (report issued May 30, 2025) and the Q1 FY26 limited review (quarter ending June 30, 2025). The reason for resignation is a corporate restructuring under a composite scheme of arrangement, with SHBA & Co LLP continuing as statutory auditors of the resulting entity, Chembond Chemical Specialties Limited. The auditor confirmed there are no concerns, no unresolved information requests, and no other material reasons for the resignation. SHBA & Co LLP was in their second term, originally appointed at the 48th AGM in August 2023, with term scheduled to expire at the 53rd AGM in FY 2028-29.
This is a procedural follow-up disclosure clarifying an already-announced auditor exit. Shareholders should note the restructuring under the composite scheme of arrangement is the underlying trigger, and SHBA & Co LLP will continue auditing the resulting entity Chembond Chemical Specialties Limited, suggesting continuity of audit quality. No immediate financial or governance red flags are evident from this filing.