TeleCanor Global has initiated the process to remove its statutory auditors, M/s. K.K. Goel & Co., citing continued non-cooperation and failure to provide necessary support for regulatory compliance.

The Board of Directors approved the move at its meeting held on September 19, 2026. The company stated that the auditors' lack of cooperation has impacted timely statutory filings, resulting in stock exchange fines.

Regulatory Action and Fines

The company will file an application in Form ADT-2 with the Regional Director seeking approval for the removal under Section 140(1) of the Companies Act, 2013. Upon approval, TeleCanor Global will convene a General Meeting to obtain shareholder approval via Special Resolution.

The Board highlighted specific financial impacts arising from the delay in compliance:

These fines have been levied or increased by the Stock Exchange due to the pending submission of results and other statutory requirements.

Legal Proceedings

TeleCanor Global has authorized its directors to initiate complaints against M/s. K.K. Goel & Co. before multiple regulatory bodies. The targeted authorities include:

• Registrar of Companies (RoC)
• Regional Director / Ministry of Corporate Affairs (MCA)
• Institute of Chartered Accountants of India (ICAI)

The company reserves the right to pursue other legal remedies available under applicable law regarding the regulatory, compliance, and financial impact suffered.

What the Numbers Show

The imposition of ₹5,000 per day in SOP fines indicates a direct cash outflow linked to compliance delays. While the total accumulated fine amount is not disclosed, the daily penalty structure suggests that the financial burden increases with every day the statutory filings for Q4FY26 and Q1FY27 remain pending. This creates a direct correlation between the auditor dispute duration and the company's operational costs.

TeleCanor Global Limited appointed Swetha Pilli as Managing Director and removed its statutory auditors following a board meeting on September 10, 2026.

The Hyderabad-based company announced the leadership change effective September 2, 2026, citing health reasons for the outgoing director’s step down from the executive role.

Board Composition Changes

The Board approved two key designation changes during the meeting held at its registered office in Hyderabad:

• Praturi Maruti Ram (DIN: 01556649) changed designation from Managing Director to Non-Executive Director due to illness and deteriorating health.
• Swetha Pilli (DIN: 06397865) changed designation from Whole Time Director to Managing Director.

Both changes took effect on September 2, 2026. The filing confirmed that neither director is related to any other Director or Key Managerial Personnel (KMP). Both are free from disqualifications under applicable provisions and have not been debarred by SEBI or any statutory authority.

Auditor Removal

The Board also approved the removal of M/s. K. K. Goel & Co., Chartered Accountants (FRN 005299N), as Statutory Auditors. The company cited "non-cooperation" as the reason for the removal.

This action is subject to compliance with the Companies Act, 2013, and obtaining necessary approvals where required. The company stated that further information regarding the process will be disclosed in due course.

Regulatory Disclosures

The disclosures were made under Regulation 30 of the SEBI Listing Regulations, read with relevant SEBI Circulars. The meeting commenced at 4:00 pm and concluded at 5:00 pm.