Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Resignation of M/s. B.R. Pancholi & Co. as Statutory Auditor of the Company.
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Kalind Ltd's statutory auditor M/s. B.R. Pancholi & Co. resigned effective November 19, 2025, roughly 14 months after being appointed on September 18, 2024, and well before their scheduled term was to end at the 2029 AGM. The resignation letter cites a recent change in ownership and induction of new promoters, with the company preferring to transition to a new audit firm aligned with its revised strategic direction and group-level policies. The joint statutory auditor, M/s. JMMK & Co., will continue to act as the sole statutory auditor, so audit coverage is maintained. The resigning auditor filed no qualifications, concerns, or alternative-procedure issues, with their last limited review submitted on November 14, 2025 for Q2 FY26.
Mid-term auditor changes after a promoter change are a governance flag for investors to watch, though continuity is preserved by JMMK & Co. and no audit concerns were raised. Shareholders may want clarity soon on the identity of the replacement audit firm and the new promoters' strategic plans.