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GACM Technologies Limited Regulatory Filings 2021

Aug 14, 2021

60715_rns_2021-08-14_90090fef-926d-4e31-a4d9-38cf1fb502d0.pdf

Regulatory Filings

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With reference to the captioned subject, this is to inform you that M/s. Navitha and Associates, Chartered Accountants (FRN: 012026S), the Statutory Auditors of the Company have resigned from the position of the Statutory Auditors of the company w.e.f. August 13, 2021.

To, To,
The Secretary, The Manager,
Listing Department Listing Department,
BSE Limited National Stock Exchange of India Limited
P.J Towers, Dalal Street, Fort, Exchange
5Floor,
Plaza.
C/1,
Plot
No.
G
Mumbai - 400 001 Bandra-Kurla
Bandra
Complex,
Block
(E),
Mumbai-400051, Maharashtra.
Code: 531723 / 570005
Scrip
Symbol: STAMPEDE
SCAPDVR
/
Company under
Resignation
Statutory Auditor of the
Intimation
Subject:
of the
for
Regulation 30 read with Schedule III of the SEBI
(Listing Obligations and Disclosure
LODR
Requirements)
2015
and
Regulations,
Regulations)
SEBI
circular
No.
(SEBI_
CIR/CFD/CMD/114/2019 dated October 18, 2019:
Dear Sir / Madam,
With
captioned
inform
Navitha
reference
you
and
M/s.
subject,
that
the
this
to
to
is
Associates, Chartered Accountants (FRN: 012026S), the Statutory Auditors of the Company
have resigned from the position of the Statutory Auditors of the company w.e.f. August 13,
2021.
SEBI LODR Regulations read with SEBI Circular dated 09% September, 2015: Details as per Sub-clause (7) under Para A of Part A of Schedule III under Regulation 30 (2) of
1 Name of Auditor M/s. Navitha and & Associates
Reason for Change viz., appointment, Resignation due to Disagreement W.R.T.
removal,
death
resignation,
or
in the Audit Fees as proposed
increase
otherwise by Statutory Auditors.
Effective Date of resignation August 13, 2021
Brief profile Not Applicable
between
Disclosure
relationships
of
Directors.
Not Applicable

Registered Office: KURA Towers, 10th Floor, D. No.1-11-254 and 1-11-255, S.P. Road, Begumpet, Secunderabad-500016, Telangana, India CIN: L67120TG1995PLC020170

Further, as per Sub-clause (7A) inserted under Para A of Part A of Schedule III under Regulation 30(2) of SEBI LODR Regulations which requires detailed reasons to be disclosed by the listed entities to the stock exchanges in case of resignation of the auditor of a listed entity. The Copy of the Resignation Letter dated August 13, 2021 along with Annexure A as received from M/s. Navitha and Associates is attached herewith.

We request you to take the above on your record.

Thanking You, Yours faithfully,

For and on Behalf of STAMPEDE CAPITAL LIMITED

Abhish Digitally signed
by Abhishek Jain
also Date: 2021.08.14 $ek$ Jain 09:05:25 +05'30'

Abhishek Jain Company Secretary & Compliance Officer Membership No.: A62027

Date : August 14, 2021 Place : Hyderabad Encl $: a/a$

Registered Office: KURA Towers, 10th Floor, D. No.1-11-254 and 1-11-255, S.P. Road, Begumpet, Secunderabad-500016, Telangana, India CIN: L67120TG1995PLC020170

Navitha And Associates OX, N

CHARTERED ACCOUNTANTS, # 16-2-740/75, Plot No.84, V.K.Dhage Nagar, Dilsukh Nagar, Hyderabad — 500 060. T.S. Cell: 09848338091 Email: [email protected]

To, The Board of Directors, M/s Stampede Capital Limited (Company) KURA Towers, 10th Floor, D. No.1-11-254 and 1-11-255, S.P. Road, Begumpet, Secunderabad, Hyderabad-500016, Telangana, India.

Sub: Letter of Resignation as Statutory Auditor

Dear Sir/Madam,

I regret to inform you that due to commercial view, as discussed with the management of the company, considering that the proposed audit fees do not commensurate with the time and efforts involved in carrying out the audit, we would not be in a position to continue as statutory auditors of the Company. Accordingly, please accept our resignation with immediate effect and acknowledge the same.

I take this opportunity to express my appreciation to the management, the Board of Directors, the Audit Committee and the employees of the company for their co-operation during our tenure as a statutory auditor of the company and wish success to the company in all its endeavors.

Please find enclosed herewith Annexure- A the information to be obtained by the Company from the auditors for the resignation as required by SEBI circular CIR/CFD/CMD1/114/2019 dated 18 October 2019.

Navitha and Associates Chartered Accountants ICAI Firm Reg No.: 012026S

"\ iy 7» dN0 ASs, \ s | ~ = . we a C» \ \ 3 (ss ) . *% \ M.No.221085 | a c? Gy Navitha. K \% of Proprietor Date: 13.08.2021 Membership Number: 221085 Place: Hyderabad

Annexure-A

DISCLOSURE OF INFORMATION FROM STATUTORY AUDITOR UPON RESIGNATION

Annexure-A
Sr. No. Particulars DISCLOSURE OF INFORMATION FROM STATUTORY AUDITOR UPON RESIGNATION
Remarks
1. Name
Listed
the
of
Entity/ Stampede Capital Limited ("the Company")
2. Material Subsidiary:
Name of the Statutory Auditor:
Chartered
Navitha
and _
Associates,
M/s.
Address
the _
of
Accountants
Statutory 16-2-740/75,
Dhage
Nagar,
Plot
No.
V.K.
84,
Auditor: Hyderabad-500060,
Dilsukh
Telangana,
Nagar,
India.
Phone number of the Statutory 09848338091
Auditor:
Email of the Statutory Auditor: [email protected]
3. Details of association with the
listed entity/ material
subsidiary:
Date on which the statutory M/s.
a.
appointed
Navitha
and Associates
was
as
auditor was appointed: Company
Annual
Statutory
Auditor
the
of
in
General Meeting held on 28/09/2018 for period
Annual
conclusion
from
years
the
this
of
5
Meeting
Annual
General
conclusion
the
of
till
Meeting to
General
Year
Financial
held
be
for
2022-23.
b.
statutory
auditor
the
Date on which the term of At the conclusion of Annual General Meeting for
was the Financial Year 2022-23.
scheduled to expire:
resignation,
Prior
to
c.
Report
Audit
Latest
/
the Limited Review Report on Unaudited
Financial
Company for the
quarter ended
Results
of the
Limited
Review'
submitted
auditor
by
the
and date of its submission.
Report 30% June, 2021 dated 13™ August, 2021.
4. reasons
Detailed
proposed
for Considering the
does
audit
not
fees
Resignation: commensurate with the time and efforts involved
in carrying out the audit, we would not be in a
position to continue as statutory auditors of the
Company.
5. In case of any concerns, efforts made by the auditor
prior to resignation (including approaching the Audit
communication made to the Audit Committee/Board
of Directors)
6. In case the information requested by the auditor was
not provided, then following shall be disclosed:
Whether'
obtain _ sufficient
inability
the _
to
a.
appropriate
evidence
was
audit
due
to
a
management-imposed limitation
or circumstances
beyond the control of the management.
Whether
would
information
have
lack
the
of
impact
financial
significant
the
on
statements /results.
Not Applicable
Whether
performed
auditor
alternative
has
the
procedures to obtain appropriate evidence for the
purposes of audit/limited review as laid down in SA
705 (Revised)
Whether the lack of information was prevalent in
the previous reported financial statements/results.
what
previous
audit/limited
basis
If yes,
on
the
review reports were issued.
Any other facts relevant to the resignation: None

Declaration

    1. I hereby confirm that the information given in the letter and its attachment is correct/true and complete.
    1. | hereby confirmed that there is no other material reason other than those provided above for resignation of my firm.

Thanking you,

Yours faithfully Navitha and Associates Chartered Accountants ICAI Firm Reg No.: opeoeee

Date: 13.08.2021 Place: Hyderabad