We wish to inform that to comply with RBI circular no. DoS.CO.ARG/SEC.01/08.91.001/2021-22 dated April 27, 2021, restricting the tenure of statutory auditors of NBFC companies to three years, M/s Walker Chandiok & Co LLP (Grant Thornton) have completed three years as Statutory Auditors of Indiabulls Asset Reconstruction Company Limited, (a subsidiary of Dhani Services Ltd and coming under ambit of NBFC Companies Guidelines for change of auditors after 3 years) (hereinafter referred to as IBARC) and therefore are not allowed to continue as auditors of IBARC any longer in compliance of RBI circular. Accordingly, in compliance of the RBI Circular, they have tendered resignation from IBARC (letter attached). IBARC has appointed M/s MRKS & Associates, Chartered Accountants (firm registration no. 023711N) as its Statutory Auditors, for a period of three years. Pl. refer attachment.
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