Kay Power and Paper Ltd — Important, 04-02-2026: Company Update

Kay Power and Paper Ltd. has announced the resignation of its statutory auditors, M/s. R Y Kulkarni & Associates. The auditors cited the expiry of their mandatory Peer Review Certificate, along with the proprietor's old age and health issues, as reasons for their departure. This means the company will now initiate the process to appoint new auditors to ensure continued financial oversight and compliance. This is a procedural change in audit firm, driven by auditor-specific circumstances rather than company performance, maintaining transparency for shareholders.