Adjia Technologies Limited has announced significant changes to its statutory auditor position following a board meeting held on March 30, 2026. The company has appointed M/s Shubham D Jain & Co., Chartered Accountants, as the new statutory auditor after the resignation of the previous auditor firm over fee disagreements.

Previous Auditor Resignation

The company's former statutory auditor, M/s Piyush Kothari & Associates, Chartered Accountants, resigned effective March 30, 2026, citing disagreement over audit fees as the primary and sole reason for their departure. Both the company and the auditor confirmed that there were no other material reasons for the resignation.

Board Meeting and New Appointment

The Board of Directors convened on March 30, 2026, at the company's registered office from 05:30 P.M. to 06:10 P.M. to address the casual vacancy created by the auditor resignation. The board considered and approved the appointment of M/s Shubham D Jain & Co., Chartered Accountants, Indore, as the new statutory auditor.

New Auditor Profile

M/s Shubham D Jain & Co., Chartered Accountants, is a proprietorship firm that specializes in IPO advisory and consultancy services. The firm's expertise includes preparation and review of restated financial statements, financial due diligence, and support in pre-IPO fundraising and listing of SME companies. Additionally, they offer services in statutory audit, stock audit, bank audit, direct tax assessment and appeals, corporate and project finance, RERA consultancy, and company law matters.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Managing Director and CFO Roshan Kumar Rawal signed the regulatory filing on behalf of the company, ensuring compliance with Schedule III of the Listing Regulations and SEBI Circular requirements.

Transition Confirmations

Both the outgoing and incoming auditor arrangements have been properly documented. The previous auditor firm confirmed no objection to the appointment of the replacement auditor, and there were no pending audit issues or disagreements with management beyond the fee dispute. The company has requested the Board of Directors to file necessary forms with the Registrar of Companies as required under the Companies Act, 2013.

Adjia Technologies Limited has announced the appointment of Mr. Gautam Verma as an Additional Non-Executive Independent Director, effective August 18, 2025. The decision was made during a board meeting held at the company's registered office in Ahmedabad, which lasted from 6:45 pm to 7:05 pm.

Expertise and Background

Mr. Verma brings a wealth of experience to Adjia Technologies' board. He holds a graduation degree in Commerce and possesses a strong background in various financial domains, including:

• Taxation
• GST
• Audit
• Financial Planning
• Accounting Functions
• Statutory Compliances

Currently associated with Bhagat Verma & Associates, Mr. Verma is recognized as a trusted advisor to management. His role involves providing strategic guidance on process improvements, best practices, and operational efficiencies. Notably, he has extensive experience in conducting feasibility studies and evaluating projects for financial viability and growth.

Appointment Details

The company has confirmed that Mr. Verma meets the independence criteria as prescribed under Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015 and Section 149(6) of the Companies Act, 2013. Furthermore, Adjia Technologies has affirmed that Mr. Verma is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Skills and Capabilities

According to the board's skill matrix, Mr. Verma's expertise aligns well with the company's needs. His proficiency includes:

• Financial Planning
• Accounting Functions
• Statutory Compliances
• Drafting legal documents
• Ensuring regulatory compliance

The company highlighted Mr. Verma's effective communication skills and strategic mindset, noting his ability to contribute valuable insights to the board and ensure adherence to both internal policies and external legal requirements.

Board Composition

Mr. Verma has no familial relationships with other directors on the board, maintaining the independence of his position. His appointment is expected to enhance the diverse skill set of Adjia Technologies' leadership team.

Conclusion

The appointment of Mr. Gautam Verma as an Independent Director signals Adjia Technologies' commitment to strengthening its corporate governance and financial oversight. His extensive experience in finance and compliance is likely to contribute significantly to the company's strategic decision-making processes.