Consecutive Commodities Limited has intimated the resignation of its statutory auditor, M/s. S K Bhavsar & Co., effective August 14, 2026. The Ahmedabad-based chartered accountancy firm cited a recent change in the company’s management coupled with other pre-existing professional commitments as the primary reasons for its departure.

The resignation was reviewed by the Audit Committee of Consecutive Commodities. In its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company stated that there were no concerns raised by the resigning auditor regarding the management or affairs of the entity. Consequently, no further deliberation on the matter was required from the Audit Committee.

Auditor’s Statement

M/s. S K Bhavsar & Co., which was appointed as statutory auditor for the financial year 2024-25 on August 29, 2024, clarified that its resignation is not due to any fraud, non-compliance, or irregularity requiring reporting under Section 143(12) of the Companies Act, 2013. The firm confirmed it has no adverse remarks to report and received full cooperation from the management during its tenure.

The company noted that the copy of the resignation letter, dated August 14, 2026, along with the required annexure, has been submitted to the stock exchanges. Copies have also been filed with the Registrar of Companies (RoC) in compliance with applicable regulations.

Consecutive Commodities Limited has finalized the basis of allotment for its rights issue, which was subscribed 1.08 times. The company approved the allotment of 48,04,50,000 fully paid-up equity shares at ₹1 per share, aggregating to ₹4,804.50 lakh, during its Rights Issue Committee meeting held on August 05, 2026. The issue opened for subscription on July 02, 2026, and closed on July 31, 2026, with the last date for on-market renunciation of rights entitlements being July 27, 2026.

The company received 1,215 bids aggregating to 52,35,94,660 rights equity shares. After reconciling bids with final certificates, 625 applications for 52,22,73,965 rights equity shares, aggregating to ₹52,22,73,965, were banked. Out of the total applications, 590 applications for 13,20,695 rights equity shares were rejected due to technical reasons, including 21,508 shares that were partially rejected. No rights equity shares have been kept in abeyance.

Allotment Details

The allotment was distributed between eligible equity shareholders and renouncees. Eligible shareholders applied for 7,46,01,792 shares (14.28% of total applications) and were allotted 7,44,58,230 shares. Renouncees applied for 44,78,40,735 shares (85.72% of total applications) and were allotted 4,05,99,17,70 shares. The total equity shares accepted and allotted stand at 48,04,50,000.

What the Numbers Show

The significant participation from renouncees, who accounted for 84.50% of the total allotment value, indicates strong market interest beyond existing shareholder entitlements. While eligible shareholders utilized most of their entitlements, the high volume of additional applications from renouncees suggests confidence in the company’s future prospects despite the par-value issue price.

Next Steps for Investors

Allotment advice cum refund intimations were dispatched via email on Thursday, August 06, 2026, to investors who provided email addresses. Physical dispatch is underway for others. Instructions to Self-Certified Syndicate Banks (SCSBs) for unblocking funds in ASBA applications were issued on August 06, 2026. The credit of rights equity shares in dematerialized form to respective demat accounts will be completed on or about August 06, 2026, by NSDL and CDSL.

Trading in the equity shares issued in the rights issue shall commence on BSE upon receipt of trading permission, expected on or about August 10, 2026. The shares will be traded under the same ISIN INE187R01029 as the fully paid-up equity shares of the company. In accordance with SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the request for extinguishment of rights entitlements is being sent to NSDL and CDSL on August 06, 2026.