Shamrock Industrial: Statutory Auditor Motilal & Associates LLP resigns, effective September 30, 2026

Shamrock Industrial Company Ltd has informed BSE that its Statutory Auditor, M/s. Motilal & Associates LLP, Chartered Accountants, has tendered resignation.

Sat 3 Oct 2026

Resignation Letter Date

September 06, 2026

Effective Date of Cessation

close of business hours on September 30, 2026

Auditor Firm Registration Number

106584W/W100751

Date of Appointment as Statutory Auditor

February 23, 2026

Latest Report Prior to Resignation

Limited Review Report for the quarter ended June 30, 2026, dated August 14, 2026

Statutory Auditor steps down

Shamrock Industrial Company Ltd has informed BSE that M/s. Motilal & Associates LLP, Chartered Accountants, has tendered resignation from the office of Statutory Auditor of the Company.

• Resignation letter dated: September 06, 2026
• Effective from: close of business hours on September 30, 2026
• Firm Registration Number: 106584W/W100751

Reason given by the auditor

The auditor has stated its inability to continue as Statutory Auditor due to pre-occupation with other personal and professional commitments.

The auditor further confirms that there are no other material reasons for the resignation beyond those stated, and that there are no concerns relating to any suppression of information by the management of the Company or any other matter which resulted in or contributed to the resignation.

The auditor has also confirmed that the information given in its letter and attachments is correct and complete, and that there is no other material reason for the resignation.

Timeline of the engagement

• Date on which the statutory auditor was appointed: February 23, 2026
• Date on which the term of the statutory auditor was scheduled to expire: September 30, 2026
• Latest report submitted prior to resignation: Limited Review Report for the quarter ended June 30, 2026, dated August 14, 2026

The disclosure records that the auditor has tendered resignation; the update does not state that any new auditor has been appointed.

What this means for a retail investor

A statutory auditor is the independent professional who checks the company's accounts and gives shareholders assurance on the numbers. When the auditor resigns, the company must inform the exchange. The reason stated here is the auditor's own pre-occupation with other commitments, and the auditor has expressly said there are no concerns about suppression of information by the management.

The company will need to fill the vacancy in the office of Statutory Auditor as required under the applicable rules. Until then, the office remains vacant, and the next financial statements would need to be audited by a newly appointed auditor. Retail investors may want to follow subsequent updates for the appointment of a new auditor and for the audit of the coming periods.

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