Shree Rajivlochan Oil Extraction Limited will hold its board of directors meeting on Tuesday, September 1, 2026. The session is scheduled to begin at 1:00 pm at the company's registered office in Raipur, Chhattisgarh.

The primary agenda includes considering and approving the Board's report for the financial year ended March 31, 2026. The directors will also take note of the resignation of M/s Milind Nyati & Co. LLP, the outgoing statutory auditor.

Auditor Appointment and AGM Details

The board plans to recommend the appointment of M/s Jain Bardia & Co., Chartered Accountants, as the new statutory auditor. This appointment would cover five consecutive years, subject to member consent.

Additionally, the meeting will focus on calling the company's 36th annual general meeting (AGM) for FY26. Key items include approving the AGM notice and appointing a scrutinizer for e-voting and poll procedures.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29 read with Regulation 33 of the Listing Regulations. Harish Raheja, Managing Director, signed the communication dated August 26, 2026.

Shree Rajivlochan Oil Extraction Limited has accepted the resignation of M/s Milind Nyati & Co. LLP as its statutory auditors, effective August 26, 2026. The firm cited other commitments and assignments as the reason for stepping down before the completion of its five-year term.

The resignation follows a shareholder resolution dated September 26, 2024, which appointed M/s Milind Nyati & Co. LLP to hold office until the conclusion of the Annual General Meeting in 2029. The firm completed its statutory audit for the financial year ending June 30, 2026, and submitted its latest audit report on August 11, 2026.

Resignation Details

The company disclosed the development in an intimation to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation becomes effective from the close of business hours on August 26, 2026.

According to the resignation letter signed by Partner Aakash Kesharwani, the firm engaged in ongoing discussions with management regarding its continuation. No concerns were raised by the auditor prior to resignation, and no material reasons other than workload constraints were cited.

The company is required to appoint a new statutory auditor to cover the remaining tenure. M/s Milind Nyati & Co. LLP confirmed it will file form ADT-3 with the Registrar of Companies as per Companies Act 2013 requirements.