Quasar India Limited's Board of Directors has approved the company's unaudited financial results for the quarter and nine months ended December 31, 2025, during a board meeting held on February 14, 2026. The meeting, conducted at the company's corporate office in Ahmedabad, commenced at 5:00 PM and concluded at 7:15 PM, with Director Vijayrao More providing digital authentication for the regulatory submission.

Board Meeting Details and Approvals

The board meeting was held at Quasar India's corporate office located at 505-D, Titanium City Center, Nr Sachin Towers, 100 Feet Ring Road, Anandnagar, Satelite, Azad Society, Ahmedabad, Gujarat. The primary agenda focused on considering and approving the unaudited financial results along with the Limited Review Report for the specified period.

Regulatory Compliance and Filing

The board's approval was communicated to BSE Limited pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This submission represents the outcome of the board meeting and ensures compliance with mandatory disclosure requirements for listed companies. The company had previously submitted its integrated financial filing under SEBI Regulation 33, following the new integrated filing requirements introduced through SEBI Circular No SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185.

Company Information and Market Presence

Quasar India Limited operates with Corporate Identification Number L67190DL1979PLC009555 and maintains its registered office at H-30 Plot No. 6 & 7, Third Floor, Gulshan Park, Laxmi Nagar, New Delhi. The company trades on BSE with security code 538452 under the symbol QUASAR, ensuring continued market transparency through regular financial disclosures.

The approval of quarterly results demonstrates the company's commitment to timely financial reporting and regulatory compliance, providing stakeholders with essential performance updates for the quarter and nine-month period ended December 31, 2025.

Quasar India Limited has announced the resignation of its statutory auditor M/s. J Singh & Associates, Chartered Accountants, Mumbai (FRN: 110266W) effective 31st January, 2026. The company informed BSE Limited about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Resignation Details

The resignation was communicated through a formal letter dated 31st January, 2026, and has been reviewed by the company's Audit Committee. J Singh & Associates served as the statutory auditor since their appointment on 12th September, 2024, with their term originally scheduled to expire on 30th September, 2029.

Reasons for Resignation

J Singh & Associates cited two primary factors for their resignation:

Partner Resignation Impact: A key partner who was primarily responsible for overseeing audits of Quasar India Limited recently resigned from the partnership, resulting in a significant reduction in the firm's overall audit leadership capacity.

Staff Constraints: The auditing firm is experiencing acute staff shortages and resource limitations, making it unable to allocate the necessary team strength required for timely and quality audit completion.

The firm stated that due to these circumstances, they would not be in a position to complete audits within the stipulated timelines prescribed under applicable laws and regulations.

Regulatory Compliance and Disclosures

Quasar India Limited has provided all required information pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.

The company confirmed that no concerns were raised by the resigning auditor with respect to the management of the company or the resignation process. Consequently, no deliberation was required by the Audit Committee regarding management-related issues.

Company Information

Quasar India Limited (CIN: L67190DL1979PLC009555) is listed on BSE with security code 538452. The company is headquartered at 1971-72, Room No.3, Ground Floor, Kucha Chelan, Khari Baoli, Chandni Chowk, North Delhi, Delhi - 110 006. The resignation notification was signed by Director Vijayrao More (DIN: 10298894) on behalf of the company.