Rushil Decor Ltd Notes Unwillingness of Statutory Auditors for Second Term Appointment
Rushil Decor Limited has announced that M/s Pankaj R. Shah, Chartered Accountants, existing Statutory Auditors of the company, have shown unwillingness to be appointed as their statutory auditors for a second term.The decision by the firm was conveyed via a letter dated July 23, 2026.
M/s Pankaj R. Shah & Associates were initially appointed as the statutory auditors of Rushil Decor Limited following a shareholders' resolution on September 27, 2021, for a term of five years. They completed their statutory audit for the year ended March 31, 2026, and issued their reports on May 29, 2026.
Regarding the approach for a second consecutive term of five years, the firm regretfully stated that they are unable to offer themselves for re-appointment due to increasing professional commitments and audit engagements. The auditors also cited difficulty in devoting adequate time to the company's Andhra Pradesh and Karnataka Units as reasons for their unwillingness.
Accordingly, the current term of M/s Pankaj R. Shah & Associates shall expire upon the conclusion of the forthcoming Annual General Meeting of Rushil Decor Limited scheduled to be held in the current calendar year 2026.
The auditors confirmed that their decision not to seek reappointment is solely based on internal professional considerations and is not due to any disagreement with the management or the Board of Directors regarding the audit, financial statements, accounting policies, records, disclosures, or any information provided during their tenure.
Audit Association Details
A summary of the audit association details between Rushil Decor Limited and M/s Pankaj R. Shah & Associates is as follows:| Particular | Detail |
|---|---|
| Statutory Auditor | Pankaj R. Shah & Associates |
| Date of Appointment | September 27, 2021 |
| Term Expiry Date | Conclusion of the 32nd Annual General Meeting of the Company in Calendar Year 2026 |
| Last Audit Report Submission | Independent Auditor's Report on Financial Statements for the year ended March 31, 2026. Submitted on May 29, 2026. |
| Reason for Unwillingness | Increasing professional commitments and difficulty dedicating time to Andhra Pradesh and Karnataka Units. |
RUSHIL Stock Price Movement
Shares of Rushil Decor Limited are shedding value as of 9:53 AM, dipping 2.53% in live trading to trade at ₹16.55. The stock trades on this decline amid a total traded volume of 64,355 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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