Arihant Superstructures Limited , a prominent player in the real estate sector, has announced a significant change in its auditing arrangements. The company's statutory auditor, Ummed Jain & Co., Chartered Accountants, has tendered their resignation, effective November 13, 2025.

Reasons for Resignation

The auditing firm cited two primary reasons for their decision to step down:

1. Internal resource re-allocation
2. Pre-occupation with other professional engagements

These factors have led to the firm's inability to dedicate the required partners and audit team for Arihant Superstructures and its subsidiaries.

Timeline and Transition

Company's Response

Arihant Superstructures has stated that:

• There are no concerns raised by the resigning auditor regarding the company's management.
• No material reason has been provided for the resignation beyond the stated resource constraints.

The company's Audit Committee and Board of Directors will consider the appointment of new statutory auditors to fill the casual vacancy created by this resignation.

Upcoming Board Meeting

In a related development, Arihant Superstructures has scheduled a Board of Directors meeting for November 12, 2025. The agenda includes:

• Approval of Q2 and H1 FY 2025-26 financial results
• Review of related party transactions
• Reconstitution of Board committees
• Appointment of a new Registrar and Share Transfer Agent
• Consideration of a potential stock split
• Formal acknowledgment of Ummed Jain & Co.'s resignation

Implications for Investors

While the resignation of a statutory auditor can sometimes raise concerns, Arihant Superstructures has emphasized that there are no underlying issues prompting this change. The company appears to be taking proactive steps to ensure a smooth transition and maintain transparency with its stakeholders.

Investors and market watchers will likely keep a close eye on the appointment of the new statutory auditors and any potential impact on the company's financial reporting processes.

Arihant Superstructures Limited (ASL) has delivered an exceptional financial performance for the first quarter, showcasing remarkable growth across key metrics, while also making important organizational changes.

Financial Highlights

For the quarter ended June 30, ASL reported impressive financial results:

• Consolidated revenue from operations reached ₹12,096.43 lakhs, up from ₹8,368.87 lakhs in the corresponding quarter of the previous year, representing a 44.54% increase.
• Consolidated profit after tax surged to ₹1,590.62 lakhs, compared to ₹199.43 lakhs in the same period last year, marking a substantial 697.08% growth.
• Standalone revenue from operations was ₹746.00 lakhs, down from ₹1,985.52 lakhs in the previous year's quarter.
• Standalone profit after tax increased to ₹6.43 lakhs, up from ₹4.69 lakhs in the corresponding quarter.

Organizational Changes

The company held a board meeting on August 12, where several key decisions were made:

• Udit Kasera was appointed as the new Chief Financial Officer.
• N L Bhatia & Associates was appointed as the Secretarial Auditor for a term of five years.
• The 42nd Annual General Meeting (AGM) was scheduled for September 27, to be conducted via video conferencing.

Other Developments

On June 14, the company converted 20,90,000 share warrants into equity shares, potentially impacting its capital structure.

Conclusion

Arihant Superstructures has demonstrated strong financial performance in the first quarter, particularly in its consolidated results. With the appointment of a new CFO and the scheduling of the AGM, the company appears to be positioning itself for continued growth and improved governance. Investors and stakeholders will likely look forward to more detailed insights during the upcoming Annual General Meeting.