RESIGNATION OF THE STATUTORY AUDITORS OF THE COMPANY
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Pet Plastics Ltd has informed BSE that its statutory auditors, M/s. Maheshwari & Co., Chartered Accountants (Firm Registration No. 105834W), have resigned with effect from August 14, 2025. The resignation is by mutual agreement between the company and the auditors, as stated in the resignation letter dated August 12, 2025. The auditors had completed the audit for FY 2024-25 but had not yet begun the FY 2025-26 audit. The board has accepted the resignation, recorded appreciation for the auditors' services, and will initiate the process of appointing a new statutory auditor in compliance with the Companies Act, 2013 and SEBI LODR Regulations. Signed by Director Abhinath Shinde (DIN: 07076684).
This is a routine governance event with no reported disputes or red flags. The FY 2024-25 audit was already completed, reducing operational risk. Shareholders should watch for the appointment of a new statutory auditor in due course, which will need shareholder approval at the next general meeting.