INELIGIBILITY AND NO OBJECTIONS FROM STATUTORY AUDITORS DUE TO COMPLETION OF TEN YEARS
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Decorous Investment & Trading Co Ltd has informed that M/s G.K. Kedia & Co., its Statutory Auditor for the last 10 years, is ineligible for reappointment under Section 139(2) of the Companies Act, 2013 (mandatory auditor rotation). The auditor's consent dated 01.09.2025 has been withdrawn and their reappointment at the AGM on 29.09.2025 stands null and void. The auditor has given a No Objection letter and will cease to act as Statutory Auditor with immediate effect. The company has scheduled meetings of the Audit Committee, Nomination & Remuneration Committee, and Board on 18.10.2025 to appoint a new Statutory Auditor and approve an Extraordinary General Meeting notice.
This is a routine regulatory compliance event triggered by the mandatory 10-year auditor rotation limit and does not indicate any audit concerns. Shareholders should expect a new auditor to be appointed shortly through an EoGM, with minimal disruption to financial reporting timelines.