Gautam Exim Limited has formally accepted the resignation of its statutory auditor, M/s. B. A. Desai & Associates, through a resolution passed by the Board of Directors on August 12, 2026. The Board approved the exit during a meeting held via video conferencing, confirming that the cessation of services is effective from August 6, 2026.

The firm, led by proprietor CA Bharatkumar Amrutlal Desai (Membership No.: 046220), had previously tendered its resignation citing unavoidable personal reasons and pre-occupation with other professional commitments. The company stated that the resignation was tendered due to these personal constraints, while the auditor’s letter specifically highlighted professional commitments and pre-occupation.

Auditor Details and Tenure

B. A. Desai & Associates was appointed as the statutory auditor on September 27, 2024. Their term was scheduled to expire at the Annual General Meeting for FY29. Prior to this resignation, the latest audit report submitted by the firm was dated May 06, 2026. The firm confirmed that it had obtained all necessary information and explanations required for the purpose of the audit during its tenure.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company complied with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates continuous disclosure requirements for material events. The filing confirms that there are no material concerns, disputes, or unresolved issues impacting the resignation. The auditor also confirmed that there was no disagreement with management and no other material reasons for the exit beyond those stated.

In accordance with Section 140(2) of the Companies Act, 2013 and Rule 8 of the Companies (Audit and Auditors) Rules, 2014, B. A. Desai & Associates stated that it would file Form ADT-3 with the Registrar of Companies within the prescribed time. The disclosure annexure further clarified that the inability to obtain sufficient appropriate audit evidence was not due to management-imposed limitations, nor did any lack of information have a significant impact on the financial statements. The auditor confirmed that alternative procedures were performed to obtain appropriate evidence as laid down in SA 705 (Revised).

Gautam Exim Limited indicated that it will take necessary steps to fill the casual vacancy caused by the resignation in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The company will intimate the stock exchanges regarding the appointment of a new statutory auditor in due course. Managing Director Rajkumar Agrawal signed the intimation to the BSE Limited Listing Compliance Department.

Gautam Exim has accepted the resignation of CS Vishad Jaiswal from his positions as Company Secretary and Compliance Officer, effective August 6, 2026. The Board of Directors formally approved the resignation at its meeting held on August 12, 2026, via video conferencing. The departure is attributed to Jaiswal’s personal commitments, with no material concerns or unresolved disputes cited in the filing.

The intimation was submitted to BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rajkumar Agrawal, Managing Director of Gautam Exim Limited, authorized the communication to the stock exchange. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates continuous disclosure of material events.

Resignation Details

CS Vishad Jaiswal tendered his resignation vide letter dated August 6, 2026, stating that he would step down from the close of business hours on the same day. He confirmed that there are no material concerns, disputes, or unresolved issues impacting his decision to leave. The resignation was processed without any stated conflicts with the Board of Directors.

Regulatory Compliance and Next Steps

Gautam Exim Limited stated it will take necessary steps to fill the casual vacancy caused by Jaiswal’s resignation. The appointment of a new Company Secretary and Compliance Officer will be made in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The company will intimate the Stock Exchange(s) regarding the new appointment in due course.

Jaiswal also requested the company to file necessary forms with the Registrar of Companies, Ahmedabad, as part of the procedural closure of his tenure. The disclosure includes Annexure-A detailing the material event, confirming no relationship disclosures were required between directors and the departing officer.

What This Means for Governance

The exit of a Compliance Officer requires immediate attention to ensure uninterrupted regulatory reporting. Gautam Exim must appoint a replacement promptly to maintain adherence to SEBI’s listing obligations. The absence of any stated disputes suggests an amicable transition, minimizing potential governance risks during the interim period.