Times Green Energy (India) Limited has informed stock exchanges about the resignation of its internal auditor M/s. TRAK and Associates, effective February 12, 2026. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Resignation Details

M/s. TRAK and Associates, a Hyderabad-based auditing firm with FRN-017290S, has tendered their resignation as the company's internal auditor. The firm cited pre-occupancy as the primary reason for stepping down from their role with the renewable energy company.

Regulatory Compliance and Next Steps

The company has fulfilled its disclosure obligations under SEBI regulations by promptly informing BSE Limited about this corporate governance change. Times Green Energy's management confirmed that the resignation will be formally acknowledged at the company's next board meeting.

Succession Planning

Times Green Energy has assured stakeholders that the appointment of a new internal auditor will be communicated to stock exchanges in due course. The company emphasized its commitment to maintaining proper internal audit functions as required under corporate governance norms.

Company Information

Times Green Energy (India) Limited, headquartered in Hyderabad, operates in the renewable energy sector. The company is listed on BSE with scrip code 543310 and maintains its corporate office at Dhruvathara Apartments, Medinova Complex, Somajiguda.

Times Green Energy (India) Limited's board of directors convened on February 05, 2026, to approve several significant corporate decisions including a bonus share issuance, auditor changes, and postal ballot arrangements. The meeting, held at the company's registered office from 05:00 P.M. to 06:00 P.M., addressed key governance and capital structure matters requiring shareholder approval.

Bonus Share Issuance Confirmation

The board has confirmed the 1:1 bonus share issuance, proposing to issue one new fully paid equity share for every existing fully paid-up equity share held by shareholders. This bonus issue remains subject to shareholder approval through postal ballot.

The bonus shares will be issued through capitalization of the company's free reserves, Securities Premium Account, and credit balance in the Profit and Loss Account. The company reported Reserve & Surplus of approximately ₹32,51,46,000 as on March 31, 2025, providing adequate coverage for the proposed bonus issue.

Share Capital Structure Changes

The bonus issuance will significantly alter the company's capital structure, doubling the number of outstanding shares while maintaining the same face value.

Statutory Auditor Appointment Details

The board accepted the resignation of VASG & Associates as statutory auditor, effective February 05, 2026, and formally appointed TRAK & Associates to fill the casual vacancy. The company has issued detailed disclosure under Regulation 30 of SEBI Listing Regulations regarding this auditor change.

Auditor Profile and Expertise

TRAK & Associates is a registered chartered accountancy firm with the Institute of Chartered Accountants of India, maintaining offices in Hyderabad, Chennai, and Kadapa. The firm operates with experienced and dynamic partners offering comprehensive professional services.

The firm focuses on integrity, transparency, and value creation, partnering with businesses across diverse industries to support growth, compliance, restructuring, and informed decision-making through tailored solutions.

Postal Ballot and Scrutinizer Appointment

The board appointed Jigar Kumar Gandhi, a practicing Company Secretary (FCS 7569, CP 8108), as scrutinizer for the postal ballot process. Gandhi will oversee the e-voting process to ensure fair and transparent shareholder voting on the proposed resolutions.

The company will seek shareholder approval through postal ballot for the bonus share issuance and new auditor appointment, with detailed notices to be dispatched to eligible shareholders as per regulatory requirements under SEBI listing obligations.