Pursuant to Regulation 30 of SEBI(LODR), Regulations, 2015, M/s A Kasliwal & Co. has resigned as the Statutory Auditor of the company w.e.f August 08, 2025 due to some other commitments.
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Dalmia Industrial Development Ltd has informed stock exchanges that M/s A. Kasliwal & Co., Chartered Accountants (FRN: 011727C), has resigned as the company's Statutory Auditor effective August 8, 2025. The firm was appointed on September 30, 2024 for a full 5-year term ending at the 47th AGM in 2029, making this a mid-term exit roughly 10 months into the engagement. The auditor had already completed the audit for FY ending March 31, 2025. The stated reason is other professional commitments and assignments that would limit the ability to continue effectively. The auditor confirmed in its resignation letter (Annexure A) that there are no other material reasons, no concerns with management, and no information limitations that would impact the financial statements.
Mid-term auditor resignations generally warrant investor attention, but in this case the auditor has explicitly stated there are no concerns with management, financials, or disclosures, which reduces red flags. The company must now appoint a new statutory auditor within the timeline prescribed under the Companies Act, 2013, and any unusual delays in filling the vacancy could be a negative signal.