Mahalaxmi Rubtech appoints Rohit Periwal as secretarial auditor

Mahalaxmi Rubtech Limited has appointed M/s. Rohit Periwal & Associates as its secretarial auditor for a term of three consecutive financial years, covering FY2026-27 through FY2028-29. The Board of Directors approved the appointment on July 28, 2026, following a recommendation from the Audit Committee. This move ensures continuity in compliance oversight and corporate governance monitoring for the listed entity. The appointment is subject to ratification by shareholders at the company’s ensuing Annual General Meeting.

The decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Karan Parikh, Company Secretary of Mahalaxmi Rubtech Limited (ICSI Membership No.: A77833), signed the disclosure submitted to both the BSE Limited and the National Stock Exchange of India Limited on July 28, 2026. The filing includes Annexure-A detailing the auditor’s profile and the rationale for the appointment.

Auditor Profile and Expertise

M/s. Rohit Periwal & Associates is a peer-reviewed firm led by CS Rohit Periwal (FCS: 12203, CP No.: 22021). The firm specializes in corporate law, secretarial compliances under the Companies Act, 2013, and SEBI Regulations. Key areas of expertise include:

Service Area	Description
Secretarial Audit	Conducting statutory audits of compliance with laws and regulations
Corporate Governance	Advisory on governance frameworks and board practices
Listing Compliances	Ensuring adherence to exchange listing obligations
Due Diligence	Pre-transaction legal and regulatory assessments
Certifications	Issuing compliance certificates for listed and unlisted entities

The firm serves listed and unlisted companies, Limited Liability Partnerships (LLPs), and other business entities. It is recognized for professional competence, quality standards, and ethical practices in regulatory advisory.

Regulatory Compliance

The appointment aligns with Schedule III of the SEBI (LODR) Regulations, 2015, which mandates the disclosure of secretarial auditor appointments. The Board confirmed that there are no relationships between the directors and the appointed auditor that would compromise independence, as indicated by the “NA” disclosure in the relationship section of Annexure-A. The term begins from the financial year 2026-2027 and extends through 2028-2029, providing a stable framework for ongoing compliance reviews.

What This Means for Governance

The appointment of a specialized firm like M/s. Rohit Periwal & Associates signals Mahalaxmi Rubtech’s focus on maintaining robust corporate governance structures. With expertise in both the Companies Act, 2013, and SEBI Regulations, the auditor will oversee compliance with listing obligations, board procedures, and statutory filings. This three-year tenure allows for consistent monitoring of governance practices, reducing the risk of compliance gaps during transitions between auditors. Shareholders will have the final say on this appointment at the upcoming Annual General Meeting, ensuring democratic oversight of key governance roles.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	+1.45%	+26.24%	-27.03%	-35.78%	+169.99%

Mahalaxmi Rubtech Limited announced on July 27, 2026, that M/s. Malay Desai & Associates has resigned from its position as the company’s Secretarial Auditor. The resignation, submitted via a letter dated July 27, 2026, cites pre-occupation with other assignments as the reason for stepping down. This development necessitates the appointment of a new auditor to ensure continued compliance with statutory requirements.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III to the said Regulations. M/s. Malay Desai & Associates, holding ACS number 48838 and CP number 26051, confirmed its resignation with immediate effect in a separate communication to the Board of Directors. The firm explicitly stated it has no objection to the appointment of any other Secretarial Auditor to replace them.

The cessation of services for M/s. Malay Desai & Associates is recorded as of July 27, 2026. In its resignation letter, the firm thanked the company for support during its tenure and wished the organization success in future endeavors. The company acknowledged receipt of the resignation and committed to intimating the stock exchanges regarding the appointment of a new auditor once finalized.

Key Details of Resignation

Parameter	Details
Resigning Firm	M/s. Malay Desai & Associates
Designation	Secretarial Auditor
Reason	Pre-occupation with other assignments
Date of Cessation	July 27, 2026
Regulatory Reference	Regulation 30, SEBI (LODR) Regulations, 2015

The Audit Committee and the Board of Directors are responsible for considering the appointment of a new Secretarial Auditor. The company stated that this process will be undertaken in due course, with subsequent intimation provided to the National Stock Exchange of India Limited and BSE Limited. No specific timeline for the new appointment was disclosed in the filing.

Compliance Context

The resignation triggers standard regulatory obligations under the SEBI (LODR) Regulations, 2015. Companies are required to disclose changes in key managerial personnel or auditors promptly to ensure transparency for investors. The filing includes the requisite annexure detailing the name of the outgoing auditor, the reason for change, and the date of cessation. As there is no appointment of a new director or auditor in this filing, fields related to brief profiles and relationship disclosures were marked as not applicable.