Modi Naturals Limited announced a change in its statutory auditors on May 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors, at its meeting held on the same date, noted and accepted the resignation of M/s Doogar & Associates (FRN: 000561N), Chartered Accountants, New Delhi, and approved the appointment of a successor auditor to fill the resulting casual vacancy. The disclosure was made in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015, and SEBI Master Circular No. Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026.

Resignation of M/s Doogar & Associates

M/s Doogar & Associates had been appointed as the Statutory Auditors of Modi Naturals Limited pursuant to a shareholders' resolution dated September 30, 2023, for a term of 5 (five) consecutive years from the conclusion of the 49th Annual General Meeting till the conclusion of the 54th Annual General Meeting of the Company. The firm tendered its resignation effective May 13, 2026, citing increased demands from several new assignments that required substantial time and resources, which made it unable to continue dedicating the necessary attention and diligence to fulfil its responsibilities as statutory auditor.

Prior to its resignation, M/s Doogar & Associates completed the audit of the Company's Standalone and Consolidated financial statements and financial results for the year ended March 31, 2026, with audit reports dated May 13, 2026. The Audit Committee and Board members placed on record their appreciation for the firm's contribution to the Company's audit processes and standards. Key details of the resignation are summarised below:

Appointment of M/s B. CHHAWCHARIA & CO.

Pursuant to Section 139 and other applicable provisions of the Companies Act, 2013, the Board of Directors, based on the recommendation of the Audit Committee and subject to approval of shareholders at the ensuing General Meeting, approved the appointment of M/s B. CHHAWCHARIA & CO. (FRN: 305123E), Chartered Accountants, as the Statutory Auditors of the Company with effect from May 13, 2026, to fill the casual vacancy caused by the resignation of M/s Doogar & Associates. The appointment is also noted to align with the fact that M/s B. CHHAWCHARIA & CO. is acting as the Statutory Auditor of Modi Biotech Private Limited, a material subsidiary of the Company, which is expected to ensure better alignment, consistency in audit processes, and operational synergies across the Group.

Key details of the new appointment are as follows:

Brief Profile of M/s B. CHHAWCHARIA & CO.

M/s B. Chhawchharia & Co. (BCCO) is a firm of practising Chartered Accountants providing services to domestic and international clients. The firm was established in the year 1966 by Late Basudeo Chhawchharia, who qualified as a Chartered Accountant from the Institute of Chartered Accountants of England and Wales in 1949 and was previously associated with M/s K N Gutgutia & Co. and M/s Gutgutia & Co. Since its establishment, the firm has expanded by adding partners, people, and new offices.

Regulatory Compliance

M/s B. CHHAWCHARIA & CO. certified its eligibility for appointment, confirming that:

• It is not disqualified for appointment under the Companies Act, 2013, the Chartered Accountants Act, 1949, and applicable rules or regulations
• The proposed appointment is as per the term provided under the Companies Act, 2013
• The proposed appointment is within the limits laid down under the Companies Act, 2013
• There are no proceedings pending against the firm or any partner with respect to professional matters of conduct

The disclosure was signed by Rajan Kumar Singh, Company Secretary & Compliance Officer of Modi Naturals Limited, on May 13, 2026.

Modi Naturals Limited has filed its monthly compliance report with stock exchanges regarding physical share transfer requests under SEBI's special window framework. The report covers the period from March 10, 2026, to March 31, 2026, showing no activity in physical share transfers during this timeframe.

Compliance Report Details

The report was submitted on April 4, 2026, to both BSE Limited and National Stock Exchange of India Limited in accordance with SEBI Circular No. SEBI/HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This circular relates to the "Ease of Doing Investment – Special Window for Transfer and Dematerialization of Physical Securities" initiative.

Transfer Request Statistics

The monthly report prepared by the company's registrar and transfer agent, Skyline Financial Services Private Limited, shows complete absence of physical share transfer activity:

Regulatory Framework

The special window for transfer and dematerialization of physical securities represents SEBI's initiative to facilitate easier investment processes for shareholders holding physical certificates. Companies are required to submit monthly reports detailing the status of transfer requests received and processed under this framework.

Company Officials

The report was signed by Rajan Kumar Singh, Company Secretary and Compliance Officer of Modi Naturals Limited, and Pawan Singh Bisht, Assistant General Manager (Legal & Secretarial) and Compliance Officer at Skyline Financial Services Private Limited. The registrar's report was prepared from their New Delhi office and submitted for the company's records and regulatory compliance.