Bhogilal Family Trust has received a compliance status certificate from independent auditor confirming its adherence to regulatory conditions for a significant share transfer in Batliboi Ltd. The certificate validates the trust's compliance with SEBI exemption requirements for an inter se transfer of equity shares.

Share Transfer Details

The compliance certificate pertains to the off-market transfer of shares from Mr. Nirmal Bhogilal to Bhogilal Family Trust. The transaction involves substantial shareholding in Batliboi Ltd.

SEBI Exemption Framework

The share transfer was conducted under SEBI exemption granted on 24th March, 2017, with reference number SEBI/WTM/SR/CFD-DCR/19/03/2017. This exemption falls under regulation 11(5) of SEBI (Substantial Acquisition of Shares And Takeovers) Regulations, 2011, which governs inter se transfers between related parties.

Independent Auditor Certification

V Sankar Aiyar & Co., Chartered Accountants (Firm Registration No. 109208W), issued the compliance certificate confirming that Bhogilal Family Trust has met all conditions of the SEBI exemption. The certificate was signed by G. Sankar, Partner (M No. 046050) with UDIN No: 26046050YQARKJ9181 on April 8, 2026.

Regulatory Submission

The compliance certificate has been formally submitted to BSE Limited's Listing Department for record purposes on April 9, 2026. A copy has also been forwarded to the Securities and Exchange Board of India at their Bandra Kurla Complex office. Mr. Nirmal Bhogilal, serving as Managing Trustee of Bhogilal Family Trust, executed the submission.

This compliance certification demonstrates the trust's adherence to regulatory requirements for substantial shareholding transfers, ensuring transparency in corporate ownership structures and maintaining regulatory compliance standards.

Batliboi Limited has notified the stock exchange regarding a significant change in the statutory auditor of its material subsidiary, Quickmill Inc. The company filed the intimation on April 3rd, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Cessation Details

Mr. Jeff Lingard of Inclusive Accounting Professional Corporation has ceased to hold office as statutory auditor of Quickmill Inc. The cessation occurred due to the auditor's voluntary relinquishment of their professional license in the relevant Canadian jurisdiction. This decision was made to pursue career opportunities outside the audit profession, which has rendered the auditor legally unable to perform audit or review engagements under applicable Canadian professional regulatory standards.

New Auditor Appointment

The Board of Directors of Quickmill Inc. has appointed MNP LLP Peterborough as the new statutory auditor in accordance with applicable law. The appointment ensures continuity in the subsidiary's audit functions following the departure of the previous auditor.

About MNP LLP

MNP LLP Peterborough brings substantial experience to the role, having been founded in Brandon, Manitoba in 1958. The firm provides client-focused accounting, consulting, tax, and digital services across more than 150 communities from coast to coast. With more than six decades of experience, MNP has extensive expertise in providing audit, tax, advisory and consulting services to companies similar to Quickmill Inc.

The firm demonstrates a solid understanding of audit issues that affect businesses and anticipates working with management in a proactive environment. The MNP team members are recognized as leaders in assurance services, with the Peterborough-based team adding direct industry and technical expertise to support Quickmill Inc.'s requirements.

Regulatory Compliance

The intimation was filed in compliance with SEBI regulations, ensuring transparency regarding material changes in subsidiary operations. The change in statutory auditor represents a routine corporate governance matter, with the new appointment maintaining the required audit standards for the material subsidiary.