Shivalic Power Control has appointed M/s T A S H & Associates as its statutory auditor to fill the casual vacancy caused by the resignation of the existing auditor. The appointment, approved by the board on July 21, 2026, is subject to shareholder approval at the forthcoming Annual General Meeting. The new auditor will hold office for a term of five years commencing from the conclusion of the AGM.

The decision follows the resignation of the previous statutory auditor, M/s. Shiv & Associates. The board approved the recommendation of the Audit Committee to appoint M/s T A S H & Associates, Chartered Accountants (Firm Registration No. 017326N), to ensure continuity in the audit function.

M/s T A S H & Associates brings professional experience in audit, assurance, taxation, risk management, consultancy, and corporate advisory services. The firm offers a comprehensive range of services including statutory audit, internal audit, taxation, valuation advisory, risk management, bank guarantee audits, consultancy, and financial advisory services. The firm has significant experience in conducting audits of listed companies and financial institutions.

The appointment was made in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder. The disclosure was submitted to the National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shiv & Associates, Chartered Accountants, resigned as the statutory auditor of Shivalic Power Control Limited on June 22, 2026, due to pre-occupation in other assignments. The resignation is effective immediately from June 22, 2026, and creates a casual vacancy that the company’s Audit Committee and Board will address in due course. The firm clarified that there are no material reasons for the resignation and no concerns were raised regarding the management of the company.

The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shiv & Associates was appointed as the statutory auditor on September 30, 2022, with a term scheduled to expire at the conclusion of the Annual General Meeting to be held in 2027. The latest audit report submitted by the firm was dated May 29, 2026.

Auditor Details

The disclosure provided specific details regarding the outgoing auditor and the timeline of their association with the company.

Shiv & Associates confirmed in its declaration that the information provided is correct and complete. The firm explicitly stated there is no other material reason for the resignation beyond those cited. The company has confirmed that the information will be uploaded to its official website.