Take solutions Limited has announced the appointment of new statutory auditors following a board meeting held on March 26, 2026. The decision addresses a casual vacancy in the auditor position and requires shareholder approval to become effective.

Board Meeting Outcomes

The company's Board of Directors convened on March 26, 2026, from 06:30 PM to 07:00 PM to deliberate on key matters. Based on the Audit Committee's recommendation, the board approved the appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants as the company's new statutory auditors.

Auditor Transition Details

The appointment fills a casual vacancy created by the resignation of M/s. Venkat and Rangaa LLP, Chartered Accountants (FRN: 004597S and PRC No.: 015938). The transition ensures continuity in the company's statutory audit functions while maintaining compliance with regulatory requirements.

New Auditor Profile

M/s. A. Raghavendra Rao & Associates brings substantial experience to TAKE Solutions. The firm was established in 1986 as a partnership providing comprehensive audit and assurance services. Their service portfolio includes statutory audits, tax audits, internal and concurrent audits, accounting and compliance services, and management advisory services.

Regulatory Compliance

The appointment follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has disclosed that there are no relationships between the new auditors and the company's directors, ensuring independence in the audit process.

The board meeting documentation was digitally signed by Director Parmeshvar Dhangare (DIN: 11410125), confirming the formal approval of the auditor appointment subject to shareholder consent. The company has notified both BSE Limited and National Stock Exchange of India Limited about this development as per regulatory requirements.

Take solutions Limited has announced the resignation of its statutory auditor M/s. Venkat and Rangaa LLP, effective March 25, 2026. The Chennai-based company informed the BSE and NSE about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Resignation Details

The auditing firm M/s. Venkat and Rangaa LLP (Firm Registration No: 004597S) tendered their resignation citing constraints relating to audit fees. In their resignation letter, the auditors stated that the remuneration was not commensurate with the size and complexity of the business, the scope of the audit engagement, and the reporting requirements under applicable statutory laws and regulations.

Timeline of Association

The auditing firm had a brief association with Take Solutions Limited. They were appointed as statutory auditor on February 3, 2026, and were originally scheduled to serve until the conclusion of the Annual General Meeting in 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by providing comprehensive details about the auditor change. The resignation letter and required disclosures were submitted in accordance with Regulation 30 read with Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026.

The auditor confirmed in their declaration that there were no other material reasons for resignation beyond the fee-related constraints mentioned. They also assured cooperation in facilitating a smooth transition to a new auditor.

Company Information

Take Solutions Limited is registered in Chennai, Tamil Nadu, with its corporate office located at B3, No.9, B-Block, Alsa Arcade, 3rd Floor, 2nd Avenue, Anna Nagar East. The company operates under CIN: L63090TN2000PLC046338 and trades on both BSE and NSE.