Magnanimous Trade & finance Ltd — Important, 06-09-2025: Company Update

Magnanimous Trade & Finance Ltd. informed stakeholders about a key change in its governance, announcing the resignation of M/s. Gupta & Shah, Chartered Accountants, as its statutory auditors. The auditors expressed an inability to continue their services. Importantly, the company clarified that the resigning auditors raised no concerns about management, nor was there a significant underlying reason for their departure. The Board will soon appoint new statutory auditors to fill the casual vacancy. This update provides transparency on the company's financial oversight.