Mac Charles (India) Ltd. — Audit Report / Information 2020

Aug 1, 2020

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To The General Manager- Listing BSE Limited 24[th] Floor, P J Towers, Dalal Street, Fort Mumbai - 400001

August 01, 2020

Dear Sir/Madam,

• Sub: Intimation under regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 about Resignation of Statutory Auditors and appointment of M/s. Walker Chandiok & Co. LLP, Chartered Accountants as statutory auditors to fill up the casual vacancy

Ref: Scrip Code 507836

We hereby inform that, pursuant to Regulation 30 read with Para 7A of Para A of Schedule III of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, that M/s. B S R & Associates LLP, Chartered accountants (Registration No. 116231W/W-100024) statutory auditors of the company have tendered their resignation vide their letter dated 31st July,2020 stating the reason that the proposed audit fees is not commensurate with the time and efforts involved in carrying out the audit, and they are not in a position to continue as statutory auditors of the Company.

M/s. Walker Chandiok & Co. LLP, Chartered Accountants (FRN 001076N/N500013) w.e.f. 01[st] August,2020 to fill casual vacancy caused by resignation of M/s. B S R & Associates LLP, Chartered Accountants to hold office till the conclusion of ensuing 40[th] Annual General Meeting (AGM) and subject to approval of members at the forthcoming 40[th] AGM , it is proposed to appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants (FRN 001076N/N500013) as Statutory Auditors of the company for a further period of 5 years i.e. from the 40[th] AGM to 45[th] AGM i.e. from financial year 2020-21 to financial year 2024-25.

We request you to take on record of the same.

Thanking you,

For Mac Charles (India) Limited

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Chandana Naidu Khare Company Secretary and Compliance Officer