Harshil agrotech Limited has submitted its quarterly compliance certificate under SEBI regulations to BSE Limited, confirming its adherence to depositories and participants regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 08, 2026. Managing Director Pankajkumar Patel signed and submitted the compliance document to BSE Limited, addressing it to Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai.

Registrar Confirmation

Purva Sharegistry (India) Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 01, 2026. The registrar, holding SEBI registration number INR000001112 as Category 1 Registrars to IPO & Share Transfer Agents, confirmed compliance with dematerialisation procedures during the quarter.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the certificate confirming that securities received from depository participants for dematerialisation were processed according to prescribed timelines and regulatory requirements.

Dematerialisation Activity

The detailed report shows no dematerialisation activity during the quarter from January 01, 2026 to March 31, 2026. The share certificates dematerialisation table indicates:

Company Information

Harshil Agrotech Limited operates with CIN L01611GJ1972PLC147529 and maintains its registered address at 225 I Square, Science City Road, Sola, Ahmedabad - 380060. The company's shares trade on BSE under scrip code 505336 with ISIN INE098E01026.

The filing demonstrates the company's commitment to maintaining regulatory compliance and transparent reporting to stock exchanges and regulatory authorities.

Harshil agrotech Limited has announced the resignation of its statutory auditor M/s. S K Bhavsar & Co., Chartered Accountants, due to regulatory compliance requirements. The audit firm tendered their resignation on June 12, 2025, citing the expiry of their Peer Review Certificate as the primary reason for stepping down from their role.

Auditor Resignation Details

S K Bhavsar & Co., with firm registration number 0145880W, submitted their resignation letter on June 12, 2025, effective immediately. The company formally notified BSE Limited on March 18, 2026, acknowledging an inadvertent delay in reporting this development under Regulation 30 of SEBI (LODR) Regulations, 2015.

Regulatory Compliance Requirements

The resignation stems from the expiry of the audit firm's Peer Review Certificate on June 30, 2025. According to SEBI Listing Regulations and guidelines issued by the Institute of Chartered Accountants of India (ICAI), audit firms must maintain a valid Peer Review Certificate to conduct statutory audits of listed entities. S K Bhavsar & Co. confirmed that their renewal application was in process with the Peer Review Board of ICAI, but they chose to resign to ensure regulatory compliance.

Appointment and Tenure Details

The audit firm was originally appointed as statutory auditors on September 30, 2024, for the financial year 2024-25, with an intended term of five years. However, their tenure lasted approximately nine months due to the certificate expiry issue. The appointment was made in accordance with the Companies Act, 2013, and SEBI (LODR) Regulations to audit the company's financial statements.

Company's Response and Compliance

Harshil Agrotech Limited, through Managing Director Pankajkumar Patel (DIN: 09054613), acknowledged the delay in reporting and assured timely compliance in future communications. The company confirmed that the Audit Committee was informed about the resignation at its meeting, and no concerns were raised by the auditor regarding the company's operations or management cooperation.

Professional Standards Maintained

S K Bhavsar & Co. emphasized that no material concerns existed regarding the company's operations, management cooperation, or compliance with laws and regulations. The audit firm confirmed that Harshil Agrotech's management extended full cooperation and provided all necessary information during their tenure. The resignation was purely driven by regulatory requirements rather than any operational or governance issues with the company.