Sanmit Infra Ltd has appointed M/s. S S S S & Associates as its statutory auditor for a term of five years, covering the financial years 2026-2027 to 2030-2031, subject to the approval of shareholders at the ensuing Annual General Meeting. The decision was taken during a board meeting held on July 10, 2026, at the company's registered office. The appointment follows the resignation of the previous auditor, M/s. PAMS & Associates, and comes alongside the acceptance of the resignation of Independent Director Mr. Ajay Nanik Chandwani.

Board Approves Resignations

The board accepted the resignation of Mr. Ajay Nanik Chandwani from the post of Non-Executive Independent Director, effective from the close of business hours on June 13, 2026. In his resignation letter, Mr. Chandwani cited advancing age and health-related issues as the reasons for his departure. He confirmed there were no material reasons other than those stated and that there were no claims between him and the company.

Simultaneously, the board recorded the resignation of M/s. PAMS & Associates as Statutory Auditor, effective June 12, 2026. The firm resigned due to geographical constraints, noting that its Bhubaneswar office found it impractical to efficiently conduct audit procedures for the company, which operates in Mumbai. The firm had previously serviced the company through a Mumbai branch that closed in 2024.

New Auditor Appointment

To fill the vacancy, the board appointed M/s. S S S S & Associates, Chartered Accountants, as the new Statutory Auditor. The firm, which holds a registration number of 121769W, has its head office in Karad, Satara, and branches in Mumbai and Pune. The firm offers a range of services including statutory audit, internal audits, tax audits, and information system audits.

Fractional Share Proceeds Distribution

With reference to a previous board meeting on February 4, 2026, and the subsequent approval by shareholders at the Extraordinary General Meeting on March 18, 2026, the board decided on the distribution of net proceeds from the sale of fractional shares. These fractional shares arose pursuant to the consolidation of the company's equity shares. The net proceeds, after deducting all expenses including applicable taxes and charges, will be distributed among eligible shareholders in proportion to their respective fractional entitlements.

Sanmit Infra Limited's statutory auditor, M/s. PAMS & Associates Chartered Accountants, has resigned effective June 12, 2026, citing geographical constraints that have made it impractical to efficiently conduct audit procedures. The firm stated that while it continued to service the company through periodic visits and remote coordination after closing its Mumbai branch in 2024, increasing compliance and reporting requirements for a listed entity have made it difficult to manage the audit from its Bhubaneswar office.

The resignation was communicated via a letter dated June 12, 2026, from CA Kamal Chandra Das, Partner at M/s. PAMS & Associates. The firm confirmed there are no other material reasons for the resignation and no unresolved issues or qualifications requiring the attention of members or creditors. The auditor will file Form ADT-3 with the Registrar of Companies within the prescribed time.

Sanmit Infra Limited's Audit Committee and Board of Directors will take note of the resignation in their upcoming meetings. The Board intends to fill the casual vacancy by appointing a new statutory auditor. The company has submitted the necessary intimations to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The following table outlines the key particulars of the auditor change as disclosed by the company:

The resignation follows specific regulatory references, including SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024. Sanjay Makhija, Managing Director of Sanmit Infra Limited, signed the disclosure submitted to the exchange.