Pan India Corporation disclosed on August 11, 2026, that its statutory auditors, R C Chadda & Co LLP, have tendered their resignation. The change in audit leadership is effective immediately, driven by the auditor’s inability to continue due to pre-occupied assignments that demand significant time and resources. This development requires the company to appoint a new statutory auditor to ensure continuity in financial oversight.

The resignation was communicated pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. R C Chadda & Co LLP, which holds Firm Registration No. 003151N, confirmed there are no other material reasons for the resignation beyond capacity constraints. The firm emphasized that it has no concerns with management and has not faced any limitations in obtaining audit evidence.

Before resigning, the auditors fulfilled their regulatory obligations by submitting the Audit Report dated May 25, 2026, for the financial year ended March 31, 2026 (FY26). They also provided the Limited Review Report dated July 24, 2026, for the quarter ended June 30, 2026 (Q1FY27). The firm committed to providing necessary professional clearances to incoming auditors to facilitate a smooth transition.

Auditor Tenure and Background

R C Chadda & Co LLP was initially appointed as statutory auditor at the Annual General Meeting held on September 30, 2019, for a term covering FY2020 through FY2024. Following the conclusion of this term, shareholders re-appointed the firm at the AGM held on September 22, 2024, for a second five-year term spanning FY2025 to FY2029. The resignation occurs early in this second term, with the original tenure scheduled to expire at the conclusion of the AGM for FY2029.

The Board of Directors, led by Managing Director Vijay Pal Shukla, acknowledged the resignation and initiated the process for regulatory filings. The company must now convene a board meeting to appoint a replacement statutory auditor in compliance with the Companies Act, 2013, and SEBI guidelines.

Pan India Corporation reported a standalone net loss of ₹11.21 lakh for the quarter ended June 30, 2026, widening from the ₹7.95 lakh loss recorded in the previous quarter. The New Delhi-based firm generated nil revenue from operations during the period, resulting in a total revenue figure of zero. Total expenses rose to ₹11.21 lakh, driven by employee benefit expenses of ₹7.47 lakh and other expenses of ₹3.74 lakh. The Board of Directors approved the unaudited financial results on July 24, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s financial position reflects continued operational challenges with no income generated from core business activities. While other income was absent in Q1FY27, it stood at ₹0.14 lakh in the prior quarter (ended March 31, 2026) and ₹2.09 lakh in the same quarter last year (Q1FY26).

Employee benefit expenses increased slightly to ₹7.47 lakh from ₹7.74 lakh in the previous quarter but remained lower than the ₹6.53 lakh recorded in Q1FY26. Other expenses saw a significant contraction to ₹3.74 lakh compared to ₹0.35 lakh in the immediate prior quarter, though this remains well below the ₹14.25 lakh reported in Q1FY26. Finance costs and provisions for doubtful loans remained at nil.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pan India Corporation published its unaudited standalone financial results for the quarter ended June 30, 2026, in newspapers on July 25, 2026. The results were published in Financial Express (English) and Jansatta (Hindi). The company submitted scanned copies of the newspaper cuttings to BSE Limited on July 27, 2026.

The financial statements were reviewed by R C Chadda & Co LLP, the statutory auditors, who issued a limited review report stating that nothing came to their attention to suggest material misstatement. The results were prepared in accordance with Ind AS 34 and approved by the Board of Directors chaired by Managing Director Vijay Pal Shukla.

Shareholding and Governance

The company’s paid-up equity share capital remains unchanged at ₹21,425.65 lakh. Public shareholding stands at 54.49% (116,748,131 shares), while promoter and promoter group shareholding is at 45.51% (97,508,369 shares), all of which are non-encumbered. There were no investor complaints pending, received, or disposed of during the quarter.

What the Numbers Show

The absence of revenue from operations in Q1FY27 highlights a lack of commercial activity during the period. The widening loss compared to Q4FY26 is attributable to higher other expenses rather than an increase in employee costs, which remained relatively stable. With total comprehensive income mirroring the net loss at ₹(11.21) lakh, there are no offsetting gains from other comprehensive income items. The earnings per share stood at a basic and diluted loss of ₹0.0052 per equity share.