Sejal glass Limited has announced a key corporate governance development with the appointment of new statutory auditors for its material subsidiary operations in the United Arab Emirates. The company disclosed this appointment in compliance with regulatory requirements, marking an important step in strengthening its audit framework for international operations.

Auditor Appointment Details

The company has appointed N R Doshi and Partners - Public Accountants L.L.C. as the statutory auditor for Sejal Glass and Glass Manufacturing Products LLC, its material subsidiary incorporated under UAE laws. The appointment became effective on January 13, 2026.

About the Appointed Auditor

N R Doshi and Partners - Public Accountants L.L.C. brings significant expertise to the role as a leading accounting and audit firm headquartered in Dubai, UAE. The firm has established a strong reputation in the region with over 40 years of experience in delivering expert financial services.

The auditor's service portfolio encompasses:

• Accounting services
• VAT compliance
• Tax advisory
• Audit services
• Compliance management

The firm is consistently ranked among the top audit firms in the UAE, demonstrating its credibility and expertise in the regional market.

Regulatory Compliance

Sejal Glass Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The disclosure has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full transparency with all stakeholders. Additionally, the information will be hosted on the company's official website at www.sejalglass.co.in for public access.

Strategic Significance

This auditor appointment reflects Sejal Glass Limited's commitment to maintaining robust governance standards across its international operations. The selection of an established UAE-based audit firm with extensive local expertise ensures compliance with regional regulations while maintaining high audit quality standards for the material subsidiary operations.

Sejal Glass Limited , a prominent player in the glass manufacturing industry, has taken a significant step to support its overseas operations. The company has announced the extension of a corporate guarantee amounting to AED 10 million (Arab Emirates Dirhams Ten Million) to facilitate credit facilities for its material subsidiary, Sejal Glass and Glass Manufacturing Products LLC, based in the United Arab Emirates.

Key Details of the Corporate Guarantee

Implications and Disclosures

Sejal Glass Limited has clarified that the provision of this corporate guarantee is expected to have no immediate impact on the company beyond the necessary disclosures in its financial statements. This is primarily because the subsidiary is part of the consolidated group.

The company has emphasized that the transaction is conducted on an arms-length basis, ensuring transparency and fairness in the deal. Furthermore, it has been explicitly stated that there is no involvement or interest from any promoter or promoter group in this transaction.

Regulatory Compliance

In adherence to regulatory requirements, Sejal Glass Limited has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move underscores the company's commitment to maintaining transparency with its stakeholders and complying with regulatory standards.

The extension of this corporate guarantee signifies Sejal Glass Limited's strategic support for its UAE subsidiary, potentially enabling the latter to enhance its operational capabilities and financial flexibility in the competitive glass manufacturing market of the Middle East.

As the global economic landscape continues to evolve, such inter-company financial arrangements may play a crucial role in strengthening the overall position of multinational corporate entities in various markets.