Rapid Investments Ltd — Important, 01-10-2025: Company Update

RAPID INVESTMENTS LIMITED has informed that its statutory auditors, Valawat & Associates, have resigned. The auditors cited that their request for a revision of professional fees, due to increased business operations and complex disclosure requirements, was not accepted by management. This made it difficult for them to continue under the existing fee arrangement. This change necessitates the appointment of a new auditor, impacting the company's audit process and potentially requiring a new firm at a different cost structure.