RCI Industries & Technologies Ltd — Updates, 09-05-2025: Company Update

RCI Industries and Technologies Limited is under Corporate Insolvency Resolution Process (CIRP) with management currently handled by the appointed Resolution Professional. The company’s statutory auditors, M/s SVARAJ & Associates, have resigned due to their inability to dedicate time to the company’s affairs. They had been appointed since the 2022-23 financial year. The auditor resignation letter has been submitted, but the related detailed disclosure from them is pending. This development reflects ongoing operational challenges amid the insolvency process and may impact audit continuity.