Riddhi Corporate Services Limited has announced the appointment of a new statutory auditor following a board meeting held on February 2, 2026. The company appointed M/s. Nitin K Shah & Co, Ahmedabad to fill the casual vacancy created by the resignation of its previous auditor.

Board Meeting Details

The board of directors meeting was conducted on February 2, 2026, commencing at 05.00 pm and concluding at 5.30 pm. The primary agenda item was addressing the auditor vacancy that arose due to the previous auditor's resignation.

New Statutory Auditor Appointment

The board appointed M/s. Nitin K Shah & Co, Ahmedabad, bearing Firm Registration Number (FRN) 107140W, as the company's statutory auditors for the financial year 2025-2026.

About the New Audit Firm

Nitin K Shah & Co is an established accounting and consultancy firm based in Ahmedabad, Gujarat, operating from Empire Tower on C G Road. The firm was founded in March 1973 and brings over 50 years of experience to Riddhi Corporate Services Limited.

The audit firm specializes in multiple areas of financial and legal services:

• Auditing services
• Corporate law compliance
• Direct and indirect taxation (GST, Income Tax)
• Financial advisory services

The firm is led by a proprietor with extensive experience spanning more than five decades and maintains a team that serves various corporate clients across different sectors.

Regulatory Compliance

The appointment was made in accordance with regulatory requirements, and the company has informed the Bombay Stock Exchange about this development. Riddhi Corporate Services Limited, which trades under scrip code 540590, maintains its commitment to corporate governance standards through this timely auditor appointment.

Riddhi Corporate Services Limited , a company listed on the Bombay Stock Exchange (Scrip Code: 540590), has announced the resignation of its statutory auditor, Jain Kedia and Sharma (FRN 103920W), effective November 14, 2025. The auditor's departure comes amidst concerns over timely information provision and disagreements on audit fees.

Reasons for Resignation

The auditing firm cited several reasons for their immediate resignation:

1. Non-availability of information and documents in a timely manner
2. Very late publishing of results
3. Non-acceptance of proposed revision in audit fees, which the auditors deemed necessary due to:
   • Increased scope of work
   • Enhanced regulatory requirements

Company's Response

Riddhi Corporate Services Limited acknowledged the auditor's resignation in a regulatory filing dated November 15, 2025. The company stated that there were no reasons for the resignation other than those mentioned in the auditor's resignation letter.

Financial Performance Context

While the auditor's resignation is a significant event, it's worth noting the company's recent financial performance. For the quarter ended September 30, 2025, Riddhi Corporate Services reported:

Appointment of New Director

In a separate development, the company has appointed Mr. Kalpeshbhai Chandrakishorebhai Shukla (DIN: 07773003) as an Additional Director (Non-executive, Independent) with immediate effect. Mr. Shukla, 45, brings over 17 years of entrepreneurial experience, particularly in plumbing works contracting and logistics.

Implications and Next Steps

The resignation of a statutory auditor may raise concerns among investors and regulatory bodies. Riddhi Corporate Services will need to appoint a new auditor promptly to ensure compliance with regulatory requirements and maintain transparency in financial reporting.

Investors and stakeholders will likely be watching closely for any further developments, including the appointment of a new auditor and any potential impact on the company's financial reporting timelines.

About Riddhi Corporate Services Limited

Riddhi Corporate Services Limited is listed on the Bombay Stock Exchange with the scrip code 540590. The company's registered office is located at 10 Mill Officers Colony, Behind Old RBI, Ashram Road, Ahmedabad, Gujarat 380009.