RCI Industries & Technologies Ltd — Updates, 16-05-2025: Company Update

RCI Industries and Technologies Limited is under Corporate Insolvency Resolution Process, with the Resolution Professional managing company affairs. The statutory auditor, M/s SVARAJ & Associates, has resigned due to pre-occupation with other assignments, effective from May 8, 2025. They had been appointed since the financial year 2022-23. The resignation requires the company to appoint a new auditor, which is important for continuity in financial oversight during the insolvency process, affecting stakeholders’ confidence and regulatory compliance.