Encode Packaging India Ltd — Updates, 31-05-2025: Company Update

Encode Packaging India Limited has announced the resignation of its statutory auditors, M/s Sarna & Aggarwal, due to their inability to devote sufficient time, citing preoccupation with other work. The auditors were appointed in July 2022 and their term was scheduled to run until September 2027. They raised no concerns or issues with the company prior to resignation, and the latest audit report was submitted for the quarter ended December 2024. The resignation was communicated to the board following a weekend holiday, which delayed the disclosure to the exchange. This change may prompt the company to appoint a new auditor, affecting audit continuity for stakeholders.