Ecoboard Industries Limited has accepted the resignation of M/s. R Kabra & Co LLP as its internal auditor, effective from the close of business hours on July 29, 2026. The departure marks the end of the firm’s engagement for the financial year 2025-26, with the company now required to appoint a successor to ensure continuity in its internal audit functions.

The resignation was communicated to the Board of Directors via a letter dated July 29, 2026, signed by Manjulatha Boob, Partner at R Kabra & Co LLP. The firm stated that preoccupation with other professional commitments prevents it from devoting the necessary time and attention to discharge its duties with due diligence. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The following table outlines the key details of the auditor’s resignation as disclosed in the filing:

In compliance with SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, Ecoboard Industries submitted the requisite details to BSE Limited on July 30, 2026. Praveen Kumar Raju Gottumukkala, Whole Time Director and CFO of Ecoboard Industries, signed the intimation letter.

No Material Issues Disclosed

Crucially, R Kabra & Co LLP confirmed in its resignation letter that the decision was solely based on professional workload constraints. The firm explicitly stated that there were no instances of fraud, non-cooperation by management, or any other matters that would require reporting to the Board or Audit Committee under Section 143(12) of the Companies Act, 2013. This clarification helps mitigate concerns regarding potential governance red flags often associated with sudden auditor changes.

What the Numbers Show

While this event does not involve financial metrics, the timing is notable. The resignation occurs during the financial year 2025-26, requiring the Board to initiate the appointment process for a new internal auditor at the earliest to avoid discontinuity in the internal audit function. R Kabra & Co LLP has offered full cooperation to the incoming auditor to ensure a smooth handover, minimizing operational disruption during the transition period.

Ecoboard Industries has released its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a net loss of ₹1,008.38 lakh for the full year, a significant reduction compared to a net loss of ₹1,828.32 lakh in the previous year. Revenue from operations for the year stood at ₹2,390.53 lakh, an increase of 88% from ₹1,271.78 lakh in FY25.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net loss of ₹298.70 lakh. Total income for the quarter was ₹803.14 lakh, while total expenses amounted to ₹1,168.74 lakh. The board approved the audited financial results during a meeting held on May 23, 2026.

The following table summarizes the financial performance for the year:

Key Appointments

During the board meeting, the company approved the appointment of Ms. Ritu Mandore (Membership No.: A79457) as the Whole Time Company Secretary and Compliance Officer effective May 23, 2026. She is an Associate Member of the Institute of Company Secretaries of India (ICSI).

Additionally, M/s. R Kabra & Co LLP (LLPIN: AAV – 7116), Mumbai, was appointed as the Internal Auditor for the financial year 2026–27. The firm is a multidisciplinary professional services entity offering audit, taxation, and advisory services.

Regulatory Compliance

The disclosure regarding these results and appointments was signed by Ramakrishna Raju Guttumukkala, Managing Director and CEO. The information has been uploaded on the company's official website, ensuring adherence to SEBI listing regulations.