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RSD Finance informs about resignation of statutory auditors

03 Dec 2024 Evaluate
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Securities and Exchange Board of India circular no. SEBI/HO/CFD/CFD-PoD-I/P/CIR/2023/123, dated 13th July, 2023 and Securities and Exchange Board of India circular no. CIR/CFD/CMDI/114/2019 dated October 18, 2019, RSD Finance has informed that, Prasad Kumar & Co., Chartered Accountants, (FRN:008816C) Statutory Auditors of the Company have tendered their resignation vide their letter dated November 30, 2024 informing their inability to continue as the Statutory Auditors of the Company and the resignation with additional details is received by the company on dt. 03.12.2024. The Audit Committee at its meeting held on December 03, 2024 considered the item with respect to resignation of Prasad Kumar & Co., Chartered Accountants, (FRN:008816C) as Statutory Auditors of the Company. The Audit Committee was of the view that there were no such concerns raised/reported by the Statutory Auditors with respect to its resignation and the grounds stated by the statutory auditors for resignation were convincing. The Audit Committee took note of the same. The Board of Directors at its meeting held on December 03, 2024 also noted that there are no other reasons other than mentioned in the resignation letter received from the Auditors dated November 30, 2024. The Audit Committee and Board at their respective meetings placed on record their appreciation to Prasad Kumar & Co., Chartered Accountants, (FRN:008816C) for their contribution to the Company with their audit processes and standards of auditing. The copy of the resignation letter dated November 30, 2024 with Annexure-A as received from Prasad Kumar & Co., Chartered Accountants is attached.

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



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