CMI Limited has disclosed a complete transition in its statutory audit function, with the resignation of M/s. Bagchi Kejriwal & Co., Chartered Accountants, followed by the appointment of M/s. Kumar Pramod & Associates, Chartered Accountants, as the new Statutory Auditors. Both disclosures were filed on May 18, 2026, pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were communicated to both BSE Limited and the National Stock Exchange of India.

Resignation of M/s. Bagchi Kejriwal & Co.

M/s. Bagchi Kejriwal & Co., Chartered Accountants, tendered their resignation as Statutory Auditor and Tax Auditor of CMI Limited vide their resignation letter dated April 18, 2026, citing unavoidable reasons and circumstances beyond their control. The firm also requested the release of long-pending dues related to both audit engagements. The company confirmed that there is no other material reason for the resignation beyond what was stated in the resignation letter. The following table summarises the key details of the resignation:

Appointment of M/s. Kumar Pramod & Associates Under CIRP Framework

Following the resignation, the Resolution Professional, acting on behalf of the Board of Directors of CMI Limited — whose powers stand suspended under the ongoing Corporate Insolvency Resolution Process (CIRP) — appointed M/s. Kumar Pramod & Associates, Chartered Accountants, as the new Statutory Auditors. The appointment covers the audit of the company's books for the years ended March 31, 2026, March 31, 2027, and March 31, 2028. The confirmation of the appointment was received on May 16, 2026. The CIRP was initiated following an application filed by Canara Bank as a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted by the Hon'ble National Company Law Tribunal.

The key particulars of the new statutory auditor appointment are as follows:

Profile of the Newly Appointed Audit Firm

M/s. Kumar Pramod & Associates is a peer-reviewed Chartered Accountants firm established in 1992. The firm brings extensive experience across multiple domains relevant to the company's current proceedings, including audit and taxation, Goods and Services Tax (GST), forensic audit, insolvency-related assignments, and secretarial compliances. The firm is led by a team of five qualified partners and has handled assignments for leading public sector undertakings, government bodies, and nationalised banks, including SBI, PNB, BSNL, NHPC, MTNL, and TRIFED.

Regulatory Compliance

Both disclosures were made in accordance with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, which prescribes the format and requirements for disclosing changes in statutory auditors by listed entities. CMI Limited has requested the stock exchanges to take the information on record.

CMI Limited has formally announced its forty third Committee of Creditors (CoC) meeting scheduled for Wednesday, April 29, 2026, in compliance with regulatory disclosure requirements. The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under sub-clause 16(g) of Clause A of Part A of Schedule III of the Listing Regulations.

Regulatory Compliance and Meeting Details

The company informed both BSE Limited and National Stock Exchange of India about the upcoming meeting through a formal communication dated April 29, 2026. The regulatory filing was submitted under the reference CMI/CS/2026-27/ and addressed to the Corporate Compliance & Listing Centre at BSE Limited and the Listing Department at National Stock Exchange of India.

Stock Exchange Communication

The formal intimation was sent to both major Indian stock exchanges where CMI Limited shares are listed. The communication was directed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, and to the National Stock Exchange of India at Exchange Plaza, Bandra Kurla Complex, Mumbai-400051.

Company Secretary Tanya signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for listed companies undergoing insolvency proceedings. The communication emphasized that the information was being shared for the exchanges' records and information purposes.

Insolvency Process Context

The scheduling of the forty third CoC meeting indicates the extended duration of CMI Limited's corporate insolvency resolution process. Committee of Creditors meetings are crucial components of the insolvency framework, where creditors deliberate on resolution plans and make decisions regarding the corporate debtor's future.

The regular scheduling and numbering of these meetings reflects the systematic approach being followed in the resolution process, with this being a significant milestone in the ongoing proceedings for the cable manufacturing company.