Mahalaxmi Fabric Mills Limited — Others, 10-05-2025: Resignation

Mahalaxmi Fabric Mills Limited has announced a board meeting in May 2025 to note the resignation of its statutory auditor, M/s Bhanwar Jain & Co., due to a delayed renewal of their Peer Review Certificate. The auditor served since September 2022 and resigned effective May 9, 2025. The Audit Committee and Board will propose new auditors for shareholder approval. There were no disputes prior to the resignation, ensuring a smooth audit transition. This change is procedural and may affect audit continuity temporarily.