Kirloskar Oil Engines Limited — Others, 06-08-2025: Change in Auditors

Kirloskar Oil Engines announced a change in the statutory auditors for its material subsidiary, Arka Financial Holdings Private Limited (AFHPL). G. D. Apte & Co. resigned as AFHPL's auditors because AFHPL is seeking RBI registration as a Core Investment Company (CIC). Once registered, AFHPL will be an RBI-regulated entity, and G. D. Apte & Co. has reached its maximum permitted limit of audits for such entities. The Board of Directors of AFHPL, based on the Audit Committee's input, has appointed Sudit K. Parekh & Co. LLP as the new statutory auditors for a three-year term, subject to shareholder approval. This ensures regulatory compliance.