Rajeshwari Cans Limited announced that its statutory auditor, Shivam Soni & Co., has resigned from the position effective August 17, 2026. The Ahmedabad-based packaging company informed the Bombay Stock Exchange (BSE) of the development in a filing dated August 17, 2026.

The resignation was communicated by CA Shivam Soni, Partner at the firm, who cited "personal commitment" as the sole reason for stepping down. The firm had been originally appointed as statutory auditor on September 30, 2024, with its term scheduled to expire up to the Annual General Meeting to be held in financial year 2029.

Audit Timeline and Compliance

Shivam Soni & Co. submitted its latest audit report for the financial year 2025-2026 on May 30, 2026, prior to this resignation. In its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that there were no concerns raised by the auditor prior to resignation.

Key details regarding the auditor's tenure and exit are outlined below:

The filing further stated that no management-imposed limitations or circumstances beyond management control affected the audit process. There were no issues regarding the inability to obtain sufficient appropriate audit evidence, nor were there any material impacts on the financial statements due to lack of information.

Next Steps

Rajeshwari Cans must now appoint a new statutory auditor in accordance with SEBI regulations and the Companies Act. The company is required to disclose the appointment of the new auditor and the details of the resolution passed by the board or shareholders, as applicable.

Rajeshwari Cans Ltd appointed CS Sanjay Dayalji Kukadia as Non-executive Additional Director in the independent category on June 23, 2026, subject to the approval of members at the General Meeting. The decision was taken during its board meeting held at the company's registered office.

The appointment was communicated to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the additional details required as per SEBI circular dated November 11, 2024.

CS Sanjay Dayalji Kukadia holds a Director Identification Number (DIN) 09116868. He is a Qualified Company Secretary and Corporate Law Professional with over 18 years of experience in corporate compliance, secretarial practice, and regulatory affairs.

There are no disclosures of relationships between directors required for this appointment. The intimation was signed by Bharatkumar Nagindas Vora, Chairman and Managing Director of Rajeshwari Cans Ltd.

Appointment Details