Orient Cement Limited — Others, 23-04-2025: Resignation

M/s. B S R & Associates LLP has resigned as the statutory auditor of Orient Cement Limited, effective immediately. The resignation is linked to Ambuja Cements Limited's acquisition of a controlling stake in the company, prompting a shift to align auditors across the group. The Audit Committee and Board will address this at their upcoming meetings and suggest new auditors for shareholder approval. This change could enhance operational synergies under the new ownership. Investors may view this positively, as it suggests proactive management alignment during a transition period.