Indus Fila Limited has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Wednesday, May 20, 2026. The intimation was issued on May 12, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting has been convened to consider and approve the audited standalone financial results of the company prepared as per IND-AS, covering the quarter and year ended March 31, 2026. The meeting agenda also includes consideration of the auditors' report accompanying the financial results.

Key details of the scheduled board meeting are outlined below:

Exchange Notifications

The intimation was formally communicated to both major Indian stock exchanges — BSE Limited and the National Stock Exchange of India Ltd. — as part of the company's disclosure obligations under applicable listing regulations.

The notice was signed by Charul Amit Houzwala, Company Secretary and Compliance Officer of Indus Fila Limited, and bears a digital signature dated May 12, 2026.

Indus Fila Limited has completed a statutory auditor transition following the resignation of M/s. Tolwani & Associates and subsequent appointment of M/s. CAAG & Associates, both effective April 29, 2026. The company disclosed the changes to BSE Limited and National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation of M/s. Tolwani & Associates was attributed to their pre-occupation with other assignments, creating a casual vacancy in the statutory auditor position. Based on the Audit Committee's recommendation, the Board of Directors approved the appointment of M/s. CAAG & Associates at their meeting held on April 29, 2026.

Auditor Transition Details

New Auditor Profile

M/s. CAAG & Associates, established in 2002, brings over 24 years of experience in delivering tech-driven financial solutions. The firm operates through offices in Aurangabad, Mumbai, and Surat, offering comprehensive professional services including Direct and Indirect Tax consultancy, Statutory and Internal Audits, and Corporate Law and Secretarial practice.

The firm maintains a significant 12-year track record in Statutory Bank Branch Audits for major institutions including SBI and Bank of Maharashtra. Their expertise extends to Transaction Advisory covering mergers and acquisitions, corporate restructuring, financial due diligence, Project Finance, and share valuation services.

Outgoing Auditor Background

M/s. Tolwani & Associates was originally appointed on September 30, 2025, with a term scheduled to expire in 2029-30. Prior to resignation, the firm had submitted the Limited Review Report of Standalone Unaudited Financial Results for the quarter ended December 31, 2025, and year-to-date results for the period April 1, 2025, to December 31, 2025.

Regulatory Compliance

The auditor transition was executed in full compliance with SEBI Master Circular No. HO/49/14/14(7)/2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The resigning auditor confirmed that no material reasons existed for the resignation beyond the stated pre-occupation with other assignments.

Company Secretary and Compliance Officer Charul Amit Houzwala signed the regulatory disclosure on April 30, 2026, ensuring all required documentation was submitted to both stock exchanges. The transition maintains continuity in the company's audit functions while adhering to all regulatory requirements.