Dharani Sugars & Chemicals has informed that the Corporate Insolvency Resolution Process initiated against the Company by the Order of Hon'ble NCLT dated 29.07.21. Due financial difficulties, it is not able to clear the statutory auditor Fee 2021-22 and the new auditor could not commence the audit without NOC from the previous auditor. On receipt of the NOC the new auditor commenced the audit and completed audit and they hold the Board.
The above information is a part of company’s filings submitted to BSE.