Punj Lloyd Limited has informed the stock exchanges that M/s Kashyap Sikdar & Co., one of its joint statutory auditors, has resigned from the position effective August 11, 2026. The resignation was communicated pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency regarding changes in key audit personnel for investors and stakeholders.

The firm, holding Firm Registration No. 016253N, stated in its resignation letter dated August 11, 2026, that professional preoccupation and other professional commitments prevented it from devoting the requisite time and resources to discharge its responsibilities as Statutory Auditors. The resignation was signed by Swati Arora, Partner at Kashyap Sikdar & Co., who confirmed that there are no other reasons or circumstances relevant to the resignation beyond those stated.

Auditor Transition Details

Kashyap Sikdar & Co. was originally appointed as Statutory Auditor for a period of five years, starting from FY24 through FY28. Prior to their resignation, the firm had submitted a limited review report for the quarter ended June 30, 2026. The company noted that M/s Shah Dhandharia & Co. LLP, Chartered Accountants (Firm Registration No.: 118707W/W100724), continues to serve as a statutory auditor of the company, ensuring continuity in audit oversight.

Regulatory Compliance and Disclosures

The disclosure aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. In the annexure provided to the exchanges, Kashyap Sikdar & Co. confirmed that there were no concerns raised prior to resignation, nor were there any management-imposed limitations on obtaining audit evidence. The firm declared that the lack of information did not have a significant impact on financial statements and that no alternative procedures under SA 705 (Revised) were required due to missing data.

Adhish Swaroop, Company Secretary of Punj Lloyd Limited, signed the intimation sent to BSE Limited and National Stock Exchange of India Limited. The company has requested the exchanges to take the resignation on record while it completes necessary formalities, including filings with the Registrar of Companies as prescribed under the Companies Act, 2013.

Punj Lloyd Limited’s cost auditor, M/s. SGTC & Associates, has resigned from the position effective July 17, 2026, citing ineligibility to continue in the role for the financial year 2018-19. The resignation impacts the company's cost audit compliance for the specified period, necessitating the appointment of a new eligible auditor to ensure adherence to regulatory requirements.

The firm communicated its decision through a letter dated July 17, 2026, addressed to the Board of Directors. In the communication, the firm stated that professional commitments and unavoidable circumstances rendered it unable to continue as the cost auditor. The resignation was formally intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Adhish Swaroop, Company Secretary of Punj Lloyd Limited, confirmed that the resignation was due to the auditor's ineligibility. The company has disclosed that there are no professional or other reasons connected with the affairs of the company that prompted the resignation. The outgoing auditor has undertaken to extend full cooperation for a smooth handover of pending matters.

Punj Lloyd Limited is now required to appoint a new cost auditor in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder. The Board will need to ensure that the new appointee fulfills all eligibility criteria to avoid any compliance gaps for the financial year 2018-19.

The following table details the key information regarding the change in cost auditor: