Hardwyn India Limited has notified stock exchanges of the resignation of its Secretarial Auditor, Mr. Amit Saxena, effective August 05, 2026. The departure requires the Board to appoint a successor to ensure continued compliance with statutory audit requirements for the financial years 2025-2026 through 2029-2030.

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. Mr. Saxena, Proprietor of M/s Amit Saxena & Associates (COP No. 11519), tendered his resignation via a letter dated August 05, 2026.

Resignation Details

Mr. Saxena was originally appointed as Secretarial Auditor under Section 204 of the Companies Act 2013. His resignation is attributed to personal reasons and unavoidable circumstances. In his resignation letter, he confirmed that no other material reasons exist for his departure and that no circumstances exist which materially affect the interest of stakeholders.

The outgoing auditor affirmed that all information and records accessed during his engagement will remain confidential, adhering to professional ethics under the Company Secretaries Act 1980 and the Institute of Company Secretaries of India (ICSI) code of conduct. He has requested the Board to appoint a new Secretarial Auditor in accordance with applicable law.

Compliance Implications

The Board of Directors must now initiate the process to appoint a new Secretarial Auditor to cover the remaining tenure. This ensures uninterrupted statutory compliance for the company’s listed obligations. Rubaljeet Singh Sayal, Managing Director & CFO of Hardwyn India Limited, signed the disclosure letter submitted to the National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd.

Hardwyn India Limited has completed the allotment of 19,53,61,440 fully paid-up equity shares as bonus shares, increasing its paid-up capital by ₹19.53 crore. The Board of Directors approved the issuance on July 29, 2026, executing a ratio of 2 bonus shares for every 5 existing shares held by shareholders on the record date of July 28, 2026. This corporate action enhances market liquidity and broadens the shareholder base without altering individual ownership percentages, providing a tax-efficient benefit to investors.

The allotment follows shareholder approval granted at an Extra-ordinary General Meeting (EGM) held on July 03, 2026. The company subsequently secured in-principal approvals from both major exchanges. BSE Limited issued approval vide letter No. LOD/Bonus/BN-IP/PB/523/2026-27 dated July 17, 2026, while the National Stock Exchange of India Limited granted approval vide letter No. NSE/LIST/55683 dated July 08, 2026. The Board Meeting, which commenced at 11:20 A.M. and concluded at 11:35 A.M., formalized the allotment in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capital Structure Impact

The issuance significantly expands the company's equity base. Prior to the allotment, Hardwyn India Limited had a paid-up equity share capital of ₹48,84,34,054, divided into 48,84,34,054 equity shares of Re. 1/- each. Post-allotment, the paid-up capital stands at ₹68,37,95,494, comprising 68,37,95,494 equity shares of Re. 1/- each.

The newly allotted bonus equity shares rank pari-passu with the existing equity shares, carrying identical rights in all respects. The allotment was executed in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable rules and regulations.

Corporate Governance

Rubaljeet Singh Sayal, Managing Director & CFO (DIN: 00280624), signed the disclosure letter addressed to the Listing Department of the National Stock Exchange of India Limited and the Department of Corporate Services at BSE Limited. The communication confirms that the allotment process adhered to regulatory timelines and exchange requirements, ensuring transparency for stakeholders.