Wardwizard Foods & Beverages appointed M/s. Arun Ratnawat & Associates as its Statutory Auditor on August 10, 2026, to fill a casual vacancy created by the resignation of its previous auditor. The Board of Directors approved the appointment during a meeting held that day, acting on the recommendations of the Audit Committee. This change ensures continuity in the company’s statutory audit functions after M/s. Mahesh Udhwani & Associates resigned effective May 14, 2026. The company submitted a revised disclosure to BSE Limited on August 12, 2026, to correct an inadvertent error in the initial filing, ensuring the public record accurately reflects the Board’s resolutions.

The appointment was made pursuant to Section 139(8) of the Companies Act, 2013. M/s. Arun Ratnawat & Associates holds ICAI Firm Registration No. 010664C and has provided a consent letter and eligibility certificate confirming compliance with applicable provisions. The new auditors have confirmed their independence and eligibility to serve in this capacity. The appointment takes effect from August 10, 2026.

Appointment Details

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The Audit Committee’s recommendation preceded the Board’s approval, adhering to standard corporate governance protocols for auditor appointments. The revised filing ensures that the terms and conditions of the appointment accurately reflect the resolutions passed by the Board.

What the Numbers Show

The swift replacement of the statutory auditor within three months of the previous firm’s resignation indicates a focus on maintaining uninterrupted audit cycles for Wardwizard Foods & Beverages. The reliance on the Audit Committee’s recommendation underscores adherence to internal governance checks during transitional periods. The correction of the initial disclosure highlights the company’s commitment to accurate regulatory reporting, ensuring investors have access to precise information regarding key corporate appointments.

Wardwizard Foods & Beverages Limited's statutory auditor, M/s Mahesh Udhwani & Associates, resigned effective May 14, 2026, citing an inability to discharge professional responsibilities due to the non-receipt of required information and records. The firm stated that despite repeated requests, the necessary documents were not provided in a timely manner, constraining their audit functions. The resignation creates a casual vacancy that the company must fill to ensure continued regulatory compliance.

The auditor, M/s Mahesh Udhwani & Associates, was initially appointed on August 1, 2022, and reappointed at the Annual General Meeting (AGM) on September 27, 2022. The term was scheduled to expire on March 31, 2027. Prior to the resignation, the firm had submitted the audit report dated May 30, 2026, for the standalone financial statements and financial results for the year ended March 31, 2026.

Wardwizard Foods & Beverages Limited acknowledged the resignation in a filing to BSE Limited on June 18, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed the delay in submitting this disclosure to an inadvertent administrative oversight and clarified there was no intention to withhold material information. It confirmed that steps would be taken to appoint a new statutory auditor to fill the vacancy.

Auditor Details

The company will intimate the stock exchange regarding the appointment of the new statutory auditor in due course.