Pursuant to Reg. 30 of SEBI LODR please find attached resignation of statutory auditor w.e.f. 28.05.2026
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Shricon Industries Ltd has accepted the resignation of M/s R S Dani & Co. as statutory auditor effective May 28, 2026. The resignation was due to expiry of their Peer Review Certificate, with renewal under process and uncertain timeline. The outgoing auditor confirmed there are no concerns or material reasons for stepping down. The Board simultaneously appointed M/s Birla and Associates (led by CA Dipesh Birla) as the new statutory auditor to fill the casual vacancy. The new auditor will hold office until the conclusion of the upcoming 40th AGM in 2026, subject to shareholders approval.
The resignation appears procedural (peer review certificate expiry) rather than due to disputes or financial concerns. The immediate appointment of a replacement auditor ensures continuity of audit coverage, which is positive for shareholders. The short-term appointment until AGM suggests a potential interim arrangement.