Harikanta Overseas Limited announced that M/s. A.H. Jain & Co., Chartered Accountants, has resigned as its statutory auditor. The resignation becomes effective after the close of business hours on August 20, 2026.

The firm cited pre-occupation with other professional commitments as the primary reason for discontinuing its role. A.H. Jain & Co. was originally appointed at the company’s seventh annual general meeting held on September 30, 2025, for a five-year term extending until the conclusion of the twelfth AGM in calendar year 2030.

Audit Status and Compliance

The auditors confirmed that they have completed all pending assignments under applicable SEBI regulations. The latest Independent Auditors’ Report for the financial year ended March 31, 2026, was issued on June 26, 2026. The firm stated there are no outstanding audit or limited review requirements prior to the effective date of resignation.

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Harikanta Overseas disclosed the details to the BSE Limited. The company’s Managing Director, Hardik Gotawala, signed the intimation letter.

Auditor Declaration

A.H. Jain & Co. provided a detailed declaration alongside the resignation letter, addressing key compliance metrics:

The auditors explicitly confirmed that the resignation is not due to any disagreement with management or the Board on matters of accounting, financial reporting, or disclosures. They also affirmed that they were not denied access to any information necessary for the audit process.

Harikanta Overseas will now need to appoint a new statutory auditor to ensure continuity in compliance with listing obligations and corporate governance standards.

Harikanta Overseas Limited has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events or information and to make subsequent disclosures to stock exchanges. The decision was taken by the Board of Directors during a meeting held on July 25, 2026, ensuring compliance with regulatory requirements for timely market communication.

The authorization is issued pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates that listed entities designate specific individuals responsible for assessing whether certain events or information are material enough to warrant public disclosure, thereby maintaining transparency for investors.

Hardik Gotawala, the Managing Director, and Abhishek Gotawala, the Whole-time Director and Chief Financial Officer (CFO), have been designated as the authorized KMPs. Their contact details have been intimated to the Listing Department of BSE Limited to facilitate direct communication regarding material disclosures.

The intimation was submitted to BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company’s script code on the exchange is 544769. The notice was digitally signed by Hardik Kamal Gotawala, Managing Director, with DIN 08262325, on July 25, 2026, at 14:34:07 IST.

This procedural step ensures that Harikanta Overseas Limited has a clear chain of command for regulatory communications. By explicitly naming the KMPs, the company aligns with SEBI’s guidelines for corporate governance, which require clear accountability for disclosure decisions.