AMS Polymers Ltd statutory auditor Roshan Agarwal & Associates resigned effective June 30, 2026, citing pre-occupation with other professional assignments and a lack of a dedicated audit team. The firm, appointed on August 8, 2025, was originally scheduled to hold office until the conclusion of the 41st Annual General Meeting of the company. The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditor confirmed that apart from the stated reasons, there are no other material reasons for the resignation. The firm also confirmed that it had not approached the Audit Committee or the Board of Directors regarding any concerns prior to resigning. The disclosure included details of the auditor's association, noting that the latest limited review report was for the quarter and nine months ended December 31, 2025, and the audited financial results for the year ended March 31, 2026, were submitted on May 22, 2026.

Auditor Details

The resignation details were provided in the format specified by SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. The auditor confirmed that the inability to obtain sufficient appropriate audit evidence was not due to management-imposed limitations or circumstances beyond management's control.

The company has requested the exchanges to take note of the intimation. Dilshad Ahmed, Company Secretary of AMS Polymers Limited, signed the communication sent to BSE Limited, Ahmedabad Stock Exchange Limited, Ludhiana Stock Exchange Limited, and Delhi Stock Exchange Ltd.

AMS Polymers Limited has submitted a disclosure to the stock exchanges regarding the non-applicability of Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements), 2015. This regulation pertains to disclosures regarding related party transactions. The company stated that the exemption applies to the quarter and financial year ended March 31, 2026.

The notification cites Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements), 2015. This provision specifies that compliance with certain Corporate Governance norms, including those outlined in Regulations 17 to 27, does not apply to listed entities with specific financial thresholds. Specifically, the exemption is available to companies whose paid-up equity share capital does not exceed ₹10 crore and whose net worth does not exceed ₹25 crore as on the last day of the previous financial year.

In its communication, AMS Polymers Limited confirmed that neither its net worth exceeded ₹25 crore nor did its paid-up equity share capital exceed ₹10 crore. As a result, the company is not required to provide the disclosure relating to related parties under Regulation 23(9). The letter was signed by Dilshad Ahmed, Company Secretary & Compliance Officer, on May 23, 2026.

Financial Thresholds for Exemption

The company's eligibility for the exemption is based on the following financial parameters as on the last day of the previous financial year:

The disclosure was addressed to the Manager (Listing) at BSE Limited, with copies sent to the Ahmedabad Stock Exchange, Ludhiana Stock Exchange, and Delhi Stock Exchange Ltd.