On November 23, 2024, Jindal Leasefin Limited (Scrip Code: 539947) informed BSE Limited regarding the resignation of its Statutory Auditors, M/s. Ghosh Khanna & Co. LLP, Chartered Accountants. The resignation has been accepted immediately, effective from the date of their resignation letter, which was submitted on November 23, 2024. As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, Jindal Leasefin has disclosed the details surrounding this development.

Reason for Resignation

The resignation of M/s. Ghosh Khanna & Co. LLP was primarily due to the audit firm's pre-occupation with other engagements, which limited their ability to continue serving as statutory auditors for Jindal Leasefin Ltd. The audit firm confirmed that there were no significant issues or concerns that led to their resignation, and they did not encounter any challenges in obtaining necessary audit evidence during their tenure.

Details of the Resignation

• Date of Appointment: September 2, 2024
• Term Duration: The statutory auditor's term was scheduled to last until the conclusion of the 35th Annual General Meeting (AGM) in 2029.
• Reason for Resignation: Pre-occupation with other engagements, as confirmed by the auditor.
• No Concerns Raised: There were no unresolved concerns or limitations in obtaining audit evidence during the engagement period, as per the resignation letter.

SEBI Compliance and Transparency

In adherence to SEBI regulations, Jindal Leasefin Ltd. has provided a detailed disclosure under Regulation 30, ensuring transparency regarding the auditor's resignation. The company has also filed the necessary Annexure-A as part of the disclosure, outlining the resignation details, including the reasons for the auditor's departure, and confirming that the resignation will not affect the company's financial statements.

Next Steps and Appointment of New Auditor

The company will now proceed with the search for a new statutory auditor to continue overseeing its financial audits, in compliance with SEBI guidelines and to ensure uninterrupted regulatory compliance. The company is expected to provide further updates regarding the appointment of a new auditor soon.

Looking Forward

Jindal Leasefin Ltd. remains committed to maintaining the highest standards of corporate governance and financial transparency. The company will continue to follow the regulatory guidelines set forth by SEBI and ensure all future developments are communicated promptly to its stakeholders.

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