Sagar Cements Limited — Important, 28-05-2025: Disclosure of material issue

Sagar Cements Ltd has announced a board meeting to approve the financial results for the quarter and half-year. Its unlisted subsidiary, Sagar Cements (M) Private Limited, saw the resignation of Deloitte Haskins & Sells as statutory auditors. B S R and Co., a reputed audit firm, has been appointed for a five-year term (subject to shareholder approval).

Issue: Auditor change at the subsidiary may raise concerns about audit continuity.

Impact: Possible short-term audit disruption but minimal effect on Sagar Cements Ltd’s operations.

Response: Appointment of an experienced auditor to maintain audit quality and compliance going forward.