Centrum Capital Limited — Audit Report / Information 2021

Oct 22, 2021

October 22, 2021

To,	To,
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza,	Corporate Relations Department,
Plot No. C/1, G Block,	1st Floor, New Trading Ring,
Bandra - Kurla Complex,	P. J. Towers, Dalal Street,
Bandra (East),	Mumbai - 400 001.
Mumbai- 400 051

Sub: Resignation of Statutory Auditor of Material Subsidiary Company

Ref: Scrip Code – 501150 and NSE Scrip Code: - CENTRUM

Dear Sir/Madam,

Pursuant to Regulation 30 and Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, we wish to inform that M/s. Haribhakti & Co. LLP, Chartered Accountants have resigned as the Statutory Auditors of material subsidiary – M/s. Centrum Microcredit Limited ("CML") w.e.f October 21, 2021.

The copy of the resignation letter dated October 21, 2021, with Annexure as received from M/s. Haribhakti & Co. LLP, Chartered Accountants is attached herewith.

Details with respect to resignation/ change in Auditors of the Company as required under Regulation 30 read with Schedule Ill of the Listing Regulations, SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 and CIR/CFD/CMD1/114/2019 dated October 18, 2019, are annexed herewith.

Kindly take the aforesaid on record.

Thanking you.

Yours faithfully,

FOR CENTRUM CAPITAL LIMITED

SRIRAM VENKATASU BRAMANIAN Digitally signed by SRIRAM VENKATASUBRAMANIA N Date: 2021.10.22 17:29:56 +05'30'

V SRIRAM CHIEF FINANCIAL OFFICER

Encl: as above

Details with respect to change in Auditors of the Company as required under Regulation 30 and Regulation 51 read with Schedule Ill of the Listing Regulations and SEBI Circular CIR/CFD/ CMD/4/2015 dated September 09, 2015

Resignation of Statutory Auditors

Name of Company	Centrum Microcredit Limited
Name of Auditor	M/s. Haribhakti & Co. LLP, Chartered
	Accountants
Reason for change viz., appointment,	M/s. Haribhakti & Co. LLP, Chartered
resignation, removal, death or otherwise	Accountants do not meet the eligibility criteria
	as per the guidelines issued by RBI vide
	RBI/2020‐21/25 ref no.
	DOS.CO.ARG/SEC.01/08.091.001/2021‐22 for
	appointment of statutory auditors of Banks
	and NBFCs.
Date of Cessation	October 21, 2021
Brief Profile	Not Applicable
Disclosure of relationships between directors (in	Not Applicable
case of appointment of a director)

October 21, 2021

The Board of Directors, Centrum Microcredit Limited Centrum House, CST Road, Vidyanagari Marg, Kalina, Santacruz (East) Mumbai - 400 098.

Dear Sirs,

Sub: Resignation as Statutory Auditor of Centrum Microcredit Limited ("the Company") for FY 2021-22.

This is with reference to the circular of Reserve Bank of India Ref. No. DoS.CO. ARG/SEC.01/08.91.001/2021-22 dated April 27, 2021 (the Circular) read with Frequently Asked Questions dated June 11, 2021.

We refer to your letter dated July 29, 2019 referring to our being appointed as the statutory auditor of the company for a period of 5 years from financial year 2019-20 until the conclusion of the Annual general meeting of the company to be held for the year 2024 as per the resolution passed on July 29, 2019.

In this regard we wish to inform you that we are presently not meeting with the eligibility criteria in terms of guidance provided by the Circular of Reserve Bank of India dated April 27, 2021, as regards having maximum number of audits of NBFC's mentioned in the Circular.

In the circumstances and in order to comply with the requirements of the said Circular, we regret our inability to continue as the statutory auditor of the company and submit herewith our resignation, effective upon submission of our report as on date on financial results for the Quarter and Half Year ended September 30, 2021. We would file Form ADT-3 with ROC shortly and share copy thereof once filed.

You may kindly note that we have not carried out any audit post our audit of the books of account for the financial year ended March 31, 2021 on which we have issued our unmodified opinion dated 03 May, 2021. We have also carried out Limited Review of the financial results for the Quarter ended June 30, 2021 and Quarter and Half year ended September 30, 2021 on which we issued unmodified conclusion dated July 23, 2021 and October 21, 2021 respectively.

Haribhakti & Co. LIP, Chartered Accountants Regn. No. MC- 3768, a limited liability partnership registered in India (converted on 17th June, 2014 from firm Haribhakti & Co. FRN: 103523W)

We, as required under Listing regulation send herewith information in Annexure A duly declared and authenticated for your record and onward transmission to SEBI.

We would like to take this opportunity to thank the management for all the co-operation extended to us during our tenure as statutory auditor of the Company.

Yours faithfully,

÷

For Haribhakti & Co. LLP

Chartered Accountants

ICAI Firm Registration No.: 103523W/W100048

Tered Acco

KTI & $\sum_{i=1}^{n}$

Sumant Sakhardande Partner Membership Number: 034828

Encl: Information sheet in annexure A

Annexure A to SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019

Format of information to be obtained from the statutory auditor upon resignation

1. Name of the listed entity/ material subsidiary:	Centrum Microcredit Limited
2. Details of the statutory auditor:
a. Name:	Haribhakti a co. LLP
b. Address:	701, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai 400 059.
c. Phone number:	+91 22 6672 9999
d. Email:	su mant. sakhardande@haribhakti .co. in .
3. Details of association with the listed entity/ material subsidiary:
a. Date on which the statutory auditor was appointed:	Statutory Auditor was appointed in the Annual General Meeting held on July 29, 2019 for a period of 5 years.
b. Date on which the term of the statutory auditor was scheduled to expire:	On the conclusion of the 8thAnnual General Meeting to be held for the year 2024 (after completion of the statutory audit for the financial year ending March 31, 2024)
to audit the latest c. resignation, Prior report/limited review report submitted by the auditor and date of its submission:	the quarter for ended review Limited September 30, 2021 for which the report is issued on October 21, 2021.
4. Detailed reasons for resignation:	Not eligible to continue as auditor in view of Circular of Reserve Bank of India Ref. No. ARG /SEC.01 /08.91.001/2021-22 DoS.CO. dated April 27, 2021 (the notification) read with Frequently Asked Questions dated June 11, 2021.
5. In case of any concerns, efforts made by the auditor prior to resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Committee/Board of Directors):	Not Applicable, as the resignation is on account of a regulatory requirement.
6. In case the information requested by the auditor was not provided, then following shall be disclosed:	Not Applicable

a. Whether the inability to obtain sufficient appropriate audit evidence was due to a	Not Applicable
limitation or management-imposed
circumstances beyond the control of the management
b. Whether the lack of information would have the impact financial significant on	Not Applicable
statements/results
the auditor has performed Whether c.	Not Applicable
alternative procedures to obtain appropriate
evidence for the purposes of audit/limited review as laid down in SA 705 (Revised)
the was information d. Whether lack of prevalent in the previous reported financial	Not Applicable
statements/results. If yes, on what basis the
previous audit/limited review reports were issued
7. Any other facts relevant to the resignation:	None

Declaration

1. We hereby confirm that the information given in this letter and its attachments is correct and complete.

2. We hereby confirm that there is no other material reason other than those provided above for resignation of my firm.

• oki I a

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For Haribhakti ft Co. LLP Chartered Accountants (Firm Registration No. 103523W/W100048)

umant Sakhardande artge ted Acc Membership No. 034828 Mumbai, Dated October 21, 2021.