Quasar India Ltd — Important, 31-01-2026: Company Update

Quasar India Limited's statutory auditor, M/s. J Singh & Associates, has resigned. The auditor explained their decision was due to a key partner leaving the firm and acute staff shortages, making it difficult to complete audits within required timelines. The company’s Audit Committee reviewed the resignation and confirmed that the departing auditor did not raise any concerns about Quasar's management. This development means the company will now seek to appoint a new auditor to maintain its financial reporting integrity.