BlueStone Jewellery & Lifestyle Appoints New Internal Auditors for FY 2025-26
BlueStone Jewellery & Lifestyle Limited announced changes to its internal audit function on January 14, 2026. Nexdigm Private Limited resigned as internal auditors citing other commitments, while the Board simultaneously appointed Sudit K.Parekh & Co. LLP as replacement auditors for FY 2025-26. The new firm, established in 1962 and headquartered in Mumbai, provides comprehensive audit and advisory services across multiple sectors.
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BlueStone Jewellery & Lifestyle Limited has announced significant changes to its internal audit function for the financial year 2025-26. The company disclosed these developments through regulatory filings dated January 14, 2026, in compliance with SEBI listing obligations.
Internal Auditor Resignation
Nexdigm Private Limited, which served as the company's internal auditor for FY 2025-26, tendered its resignation on January 14, 2026. The firm cited pre-occupied other commitments as the primary reason for stepping down from the role.
| Parameter: | Details |
|---|---|
| Outgoing Auditor: | Nexdigm Private Limited |
| Resignation Date: | January 14, 2026 |
| Reason: | Pre-occupied other commitments |
| Effective Period: | H2 FY 2025-26 onwards |
In their resignation letter, Nexdigm Private Limited confirmed that there were no other material reasons for their departure beyond those stated. The firm expressed appreciation for the opportunity to serve BlueStone and offered to provide full support for a smooth transition process.
New Internal Auditor Appointment
The Board of Directors, in their meeting held on January 14, 2026, approved the appointment of Sudit K.Parekh & Co. LLP, Chartered Accountants, as the new internal auditors. The appointment is effective immediately and covers the entire financial year 2025-26.
| Parameter: | Details |
|---|---|
| New Auditor: | Sudit K.Parekh & Co. LLP |
| Appointment Date: | January 14, 2026 |
| Term: | Financial Year 2025-26 |
| Meeting Duration: | 2:55 PM to 3:00 PM (IST) |
About the New Internal Auditors
Sudit K.Parekh & Co. LLP is a well-established professional services firm headquartered in Mumbai. Originally founded in 1962, the firm was later converted into a Limited Liability Partnership. The company provides comprehensive services including:
- Audit and assurance services
- Internal audit functions
- Taxation advisory
- Regulatory compliance
- Advisory services for domestic and multinational clients
The firm is registered with the Institute of Chartered Accountants of India (ICAI) and operates through multiple offices across major Indian cities. With experienced partners and professionals, the firm serves clients across various sectors, delivering value-driven professional solutions.
Regulatory Compliance
Both the resignation and appointment were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made in accordance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The change ensures continuity in BlueStone's internal audit processes while maintaining compliance with regulatory requirements. Managing Director Gaurav Singh Kushwaha signed the disclosure documents, confirming the board's approval of these appointments.
