Additional Details required for corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015- Exchange communication vide e-mail dated 05th July, 2025
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Gujarat Toolroom Ltd has responded to a BSE query regarding delayed disclosure of the resignation of its statutory auditor, M/s K M Chauhan & Associates (FRN 125924W). The auditor had resigned via letter dated 6th June 2025, but the company only informed the exchange on 4th July 2025 — about 28 days later, well past the 24-hour disclosure rule under SEBI's LODR Regulations. BSE flagged this delay on 5th July 2025. The company apologized, calling it an unintentional oversight without any wrongful intention, and said it is putting corrective measures in place to avoid future delays. The Managing Director, Arunkumar Udaybhai Dave, signed the response on 10th July 2025.
This is a compliance lapse rather than a business event. Investors should note the delayed auditor exit, which could raise governance concerns, but no penalty or listing action has been confirmed yet. Watch for any further communication from BSE or the company on whether a new statutory auditor is appointed soon.