Mafatlal Industries has appointed Deloitte Haskins & Sells Chartered Accountants LLP as its statutory auditors for a term of five years. The Board of Directors approved the appointment on August 7, 2026, following a recommendation from the Audit Committee. The new audit firm will take charge from the conclusion of the 113th Annual General Meeting (AGM), scheduled to be held in FY2027-28, and will serve until the conclusion of the 118th AGM in FY2031-32. This appointment is subject to approval by the company’s members at the upcoming AGM.

The appointment marks a transition in the company’s external audit function. Price Waterhouse Chartered Accountants LLP, which served as the statutory auditor for the preceding two consecutive terms totaling five years, will continue in the role until the conclusion of the 113th AGM. This ensures continuity in financial oversight during the transition period. The move aligns with regulatory requirements mandating rotation of statutory auditors after a specified tenure.

Appointment Details

The Board’s decision was communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also referenced SEBI Master Circular No. SEBI/HO49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026. Key details of the appointment are outlined below:

Deloitte Haskins & Sells Chartered Accountants LLP was constituted in 1997 and converted into a Limited Liability Partnership on June 2, 2012. The firm is registered with the Institute of Chartered Accountants of India (ICAI) and operates as part of the Deloitte Haskins & Sells & Affiliates network. Its registered office is located at the 19th Floor, Shapath-V, beside Crowne Plaza Hotel, Karnavati Club, S.G. Highway, Ahmedabad.

Regulatory Compliance and Transition

The appointment process adhered to strict regulatory guidelines. The Audit Committee reviewed and recommended the selection before it was presented to the Board for final approval. Amish Kumar Shah, Company Secretary of Mafatlal Industries Limited, signed the disclosure document dated August 7, 2026. There were no disclosed relationships between the directors and the appointed firm, ensuring independence in the audit function.

Price Waterhouse Chartered Accountants LLP (ICAI Firm Registration No.: 012754N/N500016) will complete its tenure upon the conclusion of the 113th AGM. This marks the end of its second consecutive five-year term. The seamless handover is designed to maintain rigorous financial reporting standards without disruption. Shareholders will vote on the appointment during the 113th AGM, making their consent a critical final step in formalizing the engagement.

Mafatlal Industries commissioned its 4 MWp ground-mounted solar photovoltaic (PV) power project at its manufacturing facility in Nadiad, Gujarat, on July 19, 2026. Developed at an investment of approximately ₹11 crores, the plant is expected to generate approximately 66 lakh kWh of net usable electricity annually for captive consumption. This initiative is expected to improve cost competitiveness by reducing energy costs, which remain a key component of manufacturing expenses, while reinforcing the company's commitment to green energy initiatives and reducing its carbon footprint.

Project Details

The following table summarises the key parameters of the solar power project:

The project was previously intimated to the exchange on December 11, 2025, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Benefits

The commencement of generation is anticipated to yield significant operational advantages:

• Cost Reduction: Lowering energy costs, a major expense in manufacturing.
• Sustainability: Contributing to green energy generation and reducing the carbon footprint.

The intimation was submitted to BSE Limited on July 20, 2026, by Amish Shah, Company Secretary.