Pursuant to Regulation 30 of LODR, we wish to inform you that M/s LLB & Co. Chartered Accountants (FRN: 117758W), one of the joint statutory Auditor of the Company have tendered their resignation ....
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M/s LLB & Co., Chartered Accountants (FRN: 117758W) has resigned as one of the joint statutory auditors of Hariyana Ship Breakers Limited, effective August 13, 2025. The firm was originally appointed on July 9, 2024 for a five-year term running through FY 2024-29, so it is stepping down well before its scheduled tenure ended. In its resignation letter, LLB & Co. stated that its audit scope was limited to the company's Head Office, which carried out no business activity during the period under review, making the joint auditor arrangement unnecessary. The firm confirmed there are no other material reasons, no concerns about management, and no inability to obtain information. Its last submission was the Limited Review Report for the quarter ended June 30, 2025.
This is a routine, non-alarming exit - the auditor itself said its services were not warranted because the part of the company it was auditing had no operations, and no governance or audit-quality concerns were flagged. Shareholders should not read this as a red flag, but the company will need to appoint a replacement or continue with the remaining joint auditor(s) and disclose the same to the exchanges.