Damodar Industries informs about demise of statutory auditor

08 Mar 2023 Evaluate
ln terms of regulation 30 of SEBI (LODR) along with other applicable regulations for the time being in force, Damodar Industries has informed that the auditor had resigned with effective from February 14, 2023. The resignation of the Auditor was informed to the exchange(s) on February 14, 2023. He was suffering from cancer. The Company has informed about the sad demise of its statutory Auditor Swati Kanse & company, chartered Accountants, Mumbai (FRN: 132689W) on March 2, 2023. This creates casual vacancy in the office of the statutory Auditor. Further, it was a proprietary concern and not a partnership firm and/or LLP. ln view of the Sebi circular Number CIR/CFD/CMD/114/2019 dated October 18, 2019, an auditor who has signed Limited Review Report for the first three quarters has to sign a Limited review report/audit report for the last quarter as the case may be and Audit report for that particular financial year. ln light of the above-mentioned facts it is not possible to get last quarter's report as well as auditors report for the financial year from the same auditor and the company will have to appoint a new auditor for the same.

The above information is a part of company’s filings submitted to BSE.

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