Axita Cotton Limited — Others, 11-08-2025: Change in Management

Axita Cotton announced that its statutory auditor, M/s Mistry & Shah LLP, has resigned. The auditor cited an internal strategic realignment to limit its assurance services as the reason, stating it is not due to any company-related issues or governance concerns. The Audit Committee proposed, and the board subsequently accepted, the resignation. Both committees confirmed there were no other underlying reasons for the auditor's departure. This clarifies for shareholders that the change is firm-driven, not company-driven.