Darshan Orna announced that its statutory auditor, M/s. Shah Karia and Associates, has resigned effective September 1, 2026. The firm cited personal reasons for the departure, stating there were no concerns regarding the company’s management or affairs.

The resignation creates a casual vacancy in the statutory auditor role. Darshan Orna confirmed that neither the resigning auditor nor the Audit Committee identified any material reasons for the change. Consequently, no deliberation by the Audit Committee was required, and no view from the committee is applicable.

Auditor Tenure and Transition

Shah Karia and Associates was appointed on September 4, 2025, for a term scheduled to expire on March 31, 2030. The firm submitted its latest Limited Review Report for the quarter ended June 30, 2026, dated August 8, 2026, prior to tendering its resignation.

Darshan Orna stated that its Board and Audit Committee will consider the appointment of a new statutory auditor to fill the vacancy in due course. Further details regarding the change have been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Darshan Orna has approved its annual report for FY26 and appointed new statutory and secretarial auditors for a five-year term. The board also fixed the date for the company’s 15th Annual General Meeting.

The meeting, held on September 1, 2026, at the registered office in Ahmedabad, concluded with several key governance decisions. The board noted the resignations of the outgoing statutory auditor, M/s Shah Karia & Associates, and the secretarial auditor, M/s Neelam Somani & Associates, both citing personal reasons.

Auditor Appointments

The board approved the appointment of M/s P H Shah and Co as the new Statutory Auditor. The firm will serve for a consecutive period of five financial years, from FY 2026–27 to FY 2030–31, subject to member approval at the upcoming AGM. P H Shah and Co, founded in 1996, operates from Ahmedabad and Nadiad.

Similarly, M/s SS Lunkad and Associates was appointed as the Secretarial Auditor for the same five-year tenure. The firm brings over five years of post-qualification experience in secretarial and legal matters, including compliance under SEBI regulations and FEMA.

AGM Details

The 15th Annual General Meeting is scheduled for September 25, 2026, at 1:00 pm. The event will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM), in accordance with Ministry of Corporate Affairs and SEBI circulars. M/s SS Lunkad & Associates was also appointed as the Scrutinizer to oversee the remote e-voting process and voting at the meeting.

What the Numbers Show

The simultaneous appointment of a single firm, SS Lunkad and Associates, as both the Secretarial Auditor and the Scrutinizer for the AGM suggests a consolidation of compliance oversight roles. This alignment may streamline the audit process for the upcoming general meeting, ensuring consistent interpretation of regulatory requirements across both functions.