Kaarya Facilities and Services Ltd. announced that its Statutory Auditors, M/s. Piyush Kothari & Associates, have resigned.

The auditors cited 'other pressing commitments' and 'pre-fixed assignments,' stating they would not be able to do full justice to the audit.

They confirmed their resignation is not intended to reflect adversely on the company.

This is a procedural change requiring the company to appoint new auditors to ensure continued financial oversight.

Shareholders should note this change in auditor.