Madhur Industries Ltd — Updates, 17-07-2025: Company Update

Madhur Industries clarified the delay in announcing its statutory auditor's resignation, stating it was due to administrative challenges and key personnel absence. The former auditor, J U Shah and Co., resigned because their professional fees were inadequate for the work involved, and the company's financial position prevented an increase. To fill this vacancy, Madhur Industries has appointed M/s SDPM & CO., effective July 14, 2025, subject to shareholder approval.