Esaar (India) Limited Approves Q1 Results and Appoints New Statutory Auditors

Esaar (India) Limited , a company with roots dating back to 1951, has recently made significant announcements regarding its financial results and changes in its statutory auditors. The Board of Directors convened on August 23 to discuss and approve several important matters.

Financial Results

The Board of Directors approved the unaudited financial results for the quarter ended June 30. While specific financial figures were not disclosed in the available information, it's noteworthy that the newly appointed auditors issued an unmodified opinion on these quarterly financial results, indicating their satisfaction with the company's financial reporting.

Change in Statutory Auditors

Esaar (India) Limited has undergone a change in its statutory auditors. The key points of this transition are:

• Resignation: M/s. Sumit Ranka & Associates, the previous statutory auditors, resigned from their position effective August 11.

• New Appointment: The Board has appointed M/s. B.L. Dasharda & Associates, Chartered Accountants (Firm Registration Number: 112615W), as the new statutory auditors of the company.

• Term of Appointment: Subject to shareholder approval at the upcoming Annual General Meeting, the new auditors will serve for a term of 5 consecutive years.

• Audit Period: M/s. B.L. Dasharda & Associates will conduct audits for the financial years ending March 31, 2026, to March 31, 2030, spanning from the 73rd to the 78th Annual General Meeting.

About the New Auditors

M/s. B.L. Dasharda & Associates is described as a leading Chartered Accountancy and Business Advisory Firm. Their expertise includes:

• Providing distinctive professional services for businesses
• Specializing in audit, process outsourcing, valuation, and process improvement studies
• Holding a valid peer review certificate (No. 019705)

The appointment of M/s. B.L. Dasharda & Associates aligns with Esaar (India) Limited's commitment to maintaining high standards of financial reporting and transparency.

Corporate Governance

The company has adhered to regulatory requirements by making timely disclosures to the BSE Limited, where its shares are listed. These disclosures are in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board meeting, which commenced at 3:00 p.m. and concluded at 4:10 p.m. on August 23, marks a significant milestone in Esaar (India) Limited's corporate governance journey, reflecting its commitment to transparency and regulatory compliance.