HS India Limited has appointed M/s. R. M. Hariyani & Co., Chartered Accountants, as its new statutory auditors for a term of five consecutive years, effective from the conclusion of its 37th Annual General Meeting (AGM) on September 11, 2026. The Board of Directors approved the appointment at a meeting held on August 6, 2026, replacing the outgoing statutory auditor, M/s. K. K. Haryani & Co., whose tenure expires due to mandatory rotation under the Companies Act, 2013. The new appointment is subject to shareholder approval at the upcoming AGM.

The decision follows recommendations from the company’s Audit Committee and ensures continuity in financial oversight while complying with regulatory requirements for auditor rotation. M/s. R. M. Hariyani & Co., based in Bharuch, holds Firm Registration Number 147657W with the Institute of Chartered Accountants of India (ICAI). The firm was established in 2018 and is led by CA Rajiv M. Hariyani, who possesses over five years of experience in statutory audits, tax audits, and GST compliance. The firm holds a valid peer-reviewed certificate and currently audits several listed entities in India.

Auditor Transition Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Hitesh Gopalbhai Limbani, Company Secretary of HS India Limited, issued the intimation to the Bombay Stock Exchange on August 6, 2026. The company confirmed that no relationship exists between the incoming auditor and the directors, ensuring independence in financial reporting.

Regulatory Compliance and Next Steps

The transition aligns with statutory mandates requiring listed companies to rotate their statutory auditors after a maximum continuous period of five years. This mechanism is designed to mitigate familiarity threats and enhance audit quality. The Board’s approval marks the first step in the appointment process; final ratification requires shareholder consent at the 37th AGM scheduled for September 11, 2026.

HS India Limited has published the intimation on its official website, www.hsindia.in , ensuring transparency for investors and stakeholders. The company did not disclose any additional changes in audit scope or fees in this filing. The seamless transition between auditors reflects standard corporate governance practices aimed at maintaining robust financial oversight.

HS India Limited accepted the resignation of Shiladitya Mukherjee from the position of Associate Vice President, effective June 15, 2026. The resignation was submitted with immediate effect due to various assignments in the hospitality business and a desire to reduce commitments. The company confirmed that there are no other material reasons for the departure beyond those stated in the resignation letter.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mukherjee was classified as a Senior Management Personnel under Regulation 16(1)(d) of the said regulations. The management acknowledged his contributions during his tenure.

The resignation letter addressed to the Board of Directors and the Nomination & Remuneration Committee confirmed the cessation of duties. Mukherjee expressed gratitude to the management and colleagues for the opportunity and support during his service.