Board approves NGMKS & Associates as Statutory Auditor to fill casual vacancy; postal ballot for member nod

Board met on October 5, 2026, 4:30–5:30 P.M. via video conferencing.

Mon 5 Oct 2026

New Statutory Auditor

M/s. NGMKS & Associates, Chartered Accountants (FRN: 024492N)

Reason for Vacancy

casual vacancy caused by resignation of M/s. Motilal & Associates LLP

Auditor Term

till conclusion of next AGM, subject to shareholder approval within three months

Board Meeting Date

October 5, 2026, 4:30–5:30 P.M. via video conferencing

Shareholder Approval Mode

Postal Ballot Notice approved for members' nod via remote e-voting

Board meeting outcome

Shamrock Industrial Company Ltd held a Board meeting on Monday, October 5, 2026, through video conferencing. The meeting commenced at 4:30 P.M. and concluded at 5:30 P.M. Two matters were approved.

• Appointment of M/s. NGMKS & Associates, Chartered Accountants (FRN: 024492N) as Statutory Auditor of the Company, on the recommendation of the Audit Committee.
• Approval of the Notice of Postal Ballot, seeking members' approval through remote e-voting, for that appointment.

Why a new auditor was needed

The appointment fills the casual vacancy caused by the resignation of M/s. Motilal & Associates LLP, Chartered Accountants. The resignation is the reason recorded for the change.

Terms of the appointment

• M/s. NGMKS & Associates holds office till the conclusion of the next Annual General Meeting.
• The appointment is subject to shareholders' approval under Section 139(8) of the Companies Act, 2013, to be sought within three months from the date of appointment.
• Members will vote through remote e-voting via postal ballot.
• The disclosure will be available on the company's website https://shamrockindustrial.wordpress.com.

About the new auditor

• Firm registration number: 024492N.
• Established on 05th January 1987, described as nearly four decades of practice.
• Work areas include statutory audits, internal audits, direct and indirect taxation, corporate advisory and PSU/bank audits.
• The firm serves BSE/NSE listed entities, private sector enterprises, public sector undertakings and financial institutions.

What this means for investors

• A statutory auditor signs off on the company's financial statements, so a change of auditor is a governance matter to track.
• The term here runs only to the conclusion of the next Annual General Meeting, rather than a longer tenure, so the position is expected to come up again at that meeting.
• The appointment is not final on the Board's approval alone; shareholders get to vote on it through the postal ballot process, and the shareholder approval is to be sought within three months.
• The vacancy arose from the previous auditor's resignation, the reason stated in the update.

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