KCD Industries India Limited announced significant organizational changes following its board meeting held on February 11, 2026. The meeting, conducted at the company's registered office from 05:00 PM to 06:05 PM, addressed key appointments and resignations in compliance with SEBI regulations.

New Statutory Auditor Appointment

The board approved the appointment of M/s S Parekh & Associates, Chartered Accountants (FRN: 141579W), as the company's statutory auditors for FY 2025-26. This appointment remains subject to shareholder approval.

According to the company's disclosure, M/s S Parekh & Associates has a proven track record with multinational and reputed companies in India, bringing vast experience in statutory and internal audits of manufacturing companies.

Director Resignation

Mr. Akash Tarunkumar Shah resigned as Director from the company's board, effective December 26, 2025. His resignation letter cited non-compliance with SEBI LODR regulations, specifically regarding the conduct of shareholder meetings for regularization of directors.

In his resignation letter dated December 26, 2025, Mr. Shah stated that his decision followed "recent non-compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), specifically regarding conducting shareholder meeting for regularisation of Directors."

Additional Auditor Changes

The board also approved two other significant resignations, both effective January 23, 2026:

• M/s Deepak Patil & Co., Practicing Company Secretaries, resigned as Secretarial Auditors
• M/s J. Singh & Associates, Chartered Accountants (FRN: 110266W), resigned as Statutory Auditors

The company had previously intimated these resignations to the stock exchange. These changes represent a comprehensive restructuring of the company's audit framework, with new statutory auditors being appointed to replace the outgoing firm.

Regulatory Compliance

All announcements were made in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company provided detailed disclosures as required under the listing regulations and relevant SEBI circulars, ensuring transparency in corporate governance matters.

The board meeting outcome was signed by Rajiv C. Darji, Managing Director (DIN: 02088219), confirming the company's commitment to maintaining proper corporate governance standards despite the recent compliance challenges that led to the director's resignation.

KCD Industries India Limited has announced the resignation of both its statutory auditor and secretarial auditor, effective January 23, 2026. The company disclosed this development to BSE Limited on January 24, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Auditor Resignation Details

M/s J. Singh & Associates, Chartered Accountants (FRN: 110266W), tendered their resignation from the position of statutory auditor with immediate effect. The firm was appointed on September 30, 2024, with their term originally scheduled to expire on September 30, 2028.

The statutory auditor cited two primary reasons for resignation:

• Partner Resignation: A key partner primarily responsible for overseeing the company's audits recently resigned from the partnership, resulting in significant reduction in audit leadership capacity
• Acute Staff Constraints: Unexpected staff shortages and resource limitations prevented allocation of necessary team strength for timely and quality audit completion

Secretarial Auditor Resignation

M/s Deepak Patil & Co., Practicing Company Secretary (COP: 11592), also resigned from their position as secretarial auditor effective January 23, 2026. The firm was appointed on September 5, 2025, for a five-year term from the conclusion of the 40th Annual General Meeting.

Company Response and Next Steps

KCD Industries India Limited has confirmed that both auditors provided all required information under applicable regulations. The company stated that the Audit Committee and Board of Directors will take note of these resignations in their upcoming meetings and will take necessary steps to fill the casual vacancies through appointment of new statutory and secretarial auditors.

The company has submitted all required documentation to BSE Limited, including resignation letters and information required under SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. Both auditors confirmed in their resignation letters that there are no other material reasons for their resignations beyond those stated.

Regulatory Compliance

The disclosure was made by Company Secretary and Compliance Officer Himanshu Gupta, ensuring compliance with SEBI regulations. Both auditors confirmed that there are no professional or other reasons requiring reporting to stakeholders under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.