Shivalik Bimetal Controls Limited has appointed M/s Walker Chandiok & Co LLP as its Statutory Auditor, filling a casual vacancy caused by the resignation of M/s Arora Gupta & Co., Chartered Accountants. The appointment is effective from August 7, 2026, and will remain in force until the conclusion of the ensuing Annual General Meeting (AGM), subject to shareholder approval. This regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, discloses the change in audit oversight for the listed entity and its subsidiaries.

The Board of Directors approved the appointment on August 7, 2026, following a recommendation by the Audit Committee. In addition to filling the immediate vacancy, the Board has proposed to recommend M/s Walker Chandiok & Co LLP for a full term of five consecutive years. This long-term appointment would be effective from the date of the upcoming AGM scheduled for FY2026-27. The move ensures continuity in financial reporting and compliance for Shivalik Bimetal Controls Limited and its group entities.

The appointment also covers two key subsidiaries: Shivalik Engineered Products Private Limited, identified as a material subsidiary, and Shivalik Bimetal Engineers Private Limited. At their respective board meetings held on August 7, 2026, both subsidiaries approved and recommended the appointment of M/s Walker Chandiok & Co LLP as their Statutory Auditors. The disclosures align with SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates detailed reporting of auditor changes.

Auditor Profile and Qualifications

M/s Walker Chandiok & Co LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI) and the Public Company Accounting Oversight Board (PCAOB). The firm, established in 1935, holds Firm Registration No. 001076N/N500013 and maintains its registered office in New Delhi, with nineteen other offices across major Indian cities. It employs ninety-eight partners and holds a valid peer review certificate. The firm is empaneled with the Comptroller and Auditor General of India (CAG) and provides audit and assurance services to several large companies, including some of the top one hundred listed entities in India.

The filing confirms that there are no relationships between the directors and the newly appointed auditor that would affect independence. The Company Secretary, Aarti Sahni, signed the disclosure on August 7, 2026, requesting stock exchanges to record the information.

Shivalik Bimetal Controls has accepted the resignation of its Chief Financial Officer, Rajeev Ranjan, citing personal reasons. The departure is scheduled to take effect from the close of business hours on October 31, 2026. This leadership change impacts the company’s financial oversight structure and disclosure responsibilities under SEBI regulations.

The company notified the stock exchanges on August 06, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the regulatory filing, Shivalik Bimetal Controls submitted a copy of the resignation letter to the Board of Directors and relevant authorities, including the Registrar of Companies.

Resignation Details

Rajeev Ranjan submitted his resignation formally, requesting relief from his duties effective October 31, 2026. Upon this date, he will also cease to be the Key Managerial Personnel authorized for determining materiality of events and making disclosures to stock exchanges in terms of Regulation 30.

Regulatory Compliance

The intimation was filed under Regulation 30 read with Schedule III of the SEBI Listing Regulations. The disclosure also adheres to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Aarti Sahni, Company Secretary (M.No.: A25690), signed the communication to the Bombay Stock Exchange and National Stock Exchange of India Ltd.

What the Numbers Show

While no financial metrics are directly impacted by this personnel change, the transition marks a shift in the company’s compliance framework. Rajeev Ranjan will no longer hold the authority to determine materiality for regulatory disclosures post-October 31, 2026. The company must appoint a successor to ensure continuity in financial reporting and regulatory compliance.