Secretarial auditor resigns w.e.f. October 08, 2026; new auditor to be considered in due course

Secretarial auditor M/s Umesh Ved & Associates has resigned from Ashtasidhhi Industries Ltd (formerly Gujarat Investa Ltd) w.e.f. October 08, 2026, citing pre-occupation with professional assignments and professional commitments.

Fri 9 Oct 2026

Resignation Effective Date

October 08, 2026

Outgoing Secretarial Auditor

M/s Umesh Ved & Associates, Practicing Company Secretaries

Original Appointment Term

01/04/2025 to 31/03/2030

Secretarial auditor steps down

• M/s Umesh Ved & Associates, Practicing Company Secretaries, has tendered its resignation as the Secretarial Auditor of Ashtasidhhi Industries Limited (formerly known as Gujarat Investa Limited).
• The company states the firm is no longer associated as the secretarial auditor with effect from October 08, 2026, which is also the date of the resignation letter.
• The company's intimation letter to the exchange is dated 09-10-2026.

What the auditor said

The resignation letter states that the firm was appointed as Secretarial Auditor from the financial year 01/04/2025 to 31/03/2030.

• The reason given is pre-occupation with professional assignments and unavoidable professional commitments, and an inability to continue as Secretarial Auditor.
• The resignation is stated to be with immediate effect.
• The auditor confirms there are no disputes, differences, or pending issues between the firm and the company which led to the resignation.

What the company said

The company's disclosure states that there is no material reason for the resignation other than the reason mentioned in the enclosed resignation letter.

• The Audit Committee and the Board would consider the appointment of a new secretarial auditor in due course, and this would be intimated accordingly.

How to read this

• This is a change of a key professional adviser — the secretarial auditor checks the company's secretarial and compliance records. Such changes are usually tracked by investors because the identity of the outgoing auditor, the stated reason and the audit committee's involvement are all part of how the change is assessed.
• Here, the stated reason is the auditor's own professional commitments, and the letter records that there are no disputes or pending issues with the company.
• The company has said a new secretarial auditor will be considered by the Audit Committee and the Board in due course; until then, the position is that no secretarial auditor is associated with the company as per this disclosure.

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