Submission wrt appointment of Statutory Auditor

Krupalu Metals Ltd held a board meeting on May 28, 2026 where the Board noted the resignation of M/s K M Chauhan & Associates as Statutory Auditors and simultaneously appointed M/s Sunit M. Chhatbar & Co. to fill the casual vacancy. The resigning auditors cited increased workload due to recent changes in financial reporting requirements and proposed fee increases as reasons for their departure. Notably, in their formal resignation annexure, the auditors stated that the 'Utilisation of Proceeds from Initial Public Offer was not verified,' indicating a potential audit scope limitation. The company also reported audited financial results showing FY26 total income of Rs 6,226.84 Lakhs (up 28% YoY) and profit before tax of Rs 388.77 Lakhs (up 35% YoY). Basic EPS improved to Rs 5.54 from Rs 5.38.