Riddhi Corporate Services Limited has addressed a clerical error in its quarterly audit documentation while reporting solid financial performance for the third quarter of fiscal year 2026. The company clarified that its statutory auditor inadvertently mentioned "SUMERA INDUSTRIES LIMITED" instead of "RIDDHI CORPORATE SERVICES LIMITED" in the Limited Review Report for the quarter ended December 31, 2025.

Administrative Clarification

The company confirmed that the Limited Review Report was submitted within prescribed timelines, but contained a typographical error that did not affect the financial results or audit opinion. A corrected version has since been issued and submitted to BSE Limited. The error was purely clerical in nature and has been rectified by the statutory auditor.

Q3FY26 Financial Performance

The company delivered strong operational results for the quarter ended December 31, 2025, demonstrating significant growth across key metrics.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company showed robust revenue growth while maintaining profitability.

Expense Structure and Operational Metrics

The company's expense profile showed significant changes, particularly in employee benefit expenses which increased substantially to ₹9,051.48 lakh in Q3FY26 from ₹1,340.76 lakh in Q3FY25. Total expenses for the quarter reached ₹13,222.45 lakh compared to ₹5,949.78 lakh in the previous year.

Regulatory Compliance and Fund Utilization

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and approved by the Board of Directors on February 14, 2026. The company provided detailed fund utilization status from its public and preferential issues, showing minimal utilization of allocated funds for acquisitions, capital expenditure, and general corporate purposes as of December 30, 2025.

Corporate Governance

The results were reviewed by the Audit Committee and received board approval, maintaining the company's commitment to transparent financial reporting despite the administrative error in the initial audit report submission.

Riddhi Corporate Services Limited has announced the appointment of a new statutory auditor following a board meeting held on February 2, 2026. The company appointed M/s. Nitin K Shah & Co, Ahmedabad to fill the casual vacancy created by the resignation of its previous auditor.

Board Meeting Details

The board of directors meeting was conducted on February 2, 2026, commencing at 05.00 pm and concluding at 5.30 pm. The primary agenda item was addressing the auditor vacancy that arose due to the previous auditor's resignation.

New Statutory Auditor Appointment

The board appointed M/s. Nitin K Shah & Co, Ahmedabad, bearing Firm Registration Number (FRN) 107140W, as the company's statutory auditors for the financial year 2025-2026.

About the New Audit Firm

Nitin K Shah & Co is an established accounting and consultancy firm based in Ahmedabad, Gujarat, operating from Empire Tower on C G Road. The firm was founded in March 1973 and brings over 50 years of experience to Riddhi Corporate Services Limited.

The audit firm specializes in multiple areas of financial and legal services:

• Auditing services
• Corporate law compliance
• Direct and indirect taxation (GST, Income Tax)
• Financial advisory services

The firm is led by a proprietor with extensive experience spanning more than five decades and maintains a team that serves various corporate clients across different sectors.

Regulatory Compliance

The appointment was made in accordance with regulatory requirements, and the company has informed the Bombay Stock Exchange about this development. Riddhi Corporate Services Limited, which trades under scrip code 540590, maintains its commitment to corporate governance standards through this timely auditor appointment.