Modi Rubber Ltd. — Audit Report / Information 2021

Sep 29, 2021

MODI RUBBER LIMITED 4-7C, DDA SHOPPING CENTER, NEW FRIENDS COLONY, NEW DELHI-110 025, TEL: 011-47107398 Website: www.modirubberlimited.com, CIN- L25199UP1971PLC003392 Email:skbajpai@m odigroup.net

OUR REF: DEPTT: Secretarial &Legal DATED: 29.09.2021

Bombay Stock Exchange Ltd.	National Stock exchange of India Ltd
Phiroze Jeejeebhoy Tower	Exchange Plaza
1st Floor, Dalal Street	Bandra Kurla Complex
Mumbai 400 001	Bandra (E)
Ph, 022-22722066, 22722375	Mumbai 400 051
Fax 022-22723354, 22723577, 22721278,	Ph. 022-6598100-14
22723719	Fax 022-6598237-38
	Email cmlist@nse.co.in

Dear Sir,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 -

Pursuant to Regulation 30 of (SEBI Listing Regulations, 2015) read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, we wish to inform that M/s. SURESH SURANA & ASSOCIATES LLP, Chartered Accountants Firm's Registration No. 121750 W / W-100010, Statutory Auditors of the Company have tendered their resignation vide their letters dated 29%» September 2021 informing their inability to continue as the Statutory Auditors of the following subsidiary Companies:

a); Spin Investment (India) Limited (Material wholly owned subsidiary)

b} Superior Investment (India) Limited (wholly owned subsidiary)

The copy of the resignation letters dated 29th September, 2021 with Annexure as received from M/s. SURESH SURANA & ASSOCIATES LLP are attached herewith. Details with respect to resignation as required under Regulation 30 Read with Schedule Il] 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. You are requested to take the same on your record.

Kindly take above on your record and acknowledge the same.

Thanking you, Yours faithfully, For MODI RUBBER LIMITED

Suresh Surana & Associates LLP

LIEV Ec 1s

Suresh Surana & Associates LLP

Date: 29 September 2021

The Board of Directors, Spin Investment (India) Limited 4-7-C, DDA Shopping Cenire, New Friends Colony, New Delhi-110025

Dear Sir,

Sub: Resignation as Statutory Auditor with immediate effect

As you were aware, we were appointed as the Statutory Auditors of Spin Investment (India) Limited ('the Company'). Refer to our ongoing discussions in connection with our continuation as statutory auditor of the Company and due to our preoccupation in other assignments, we are not in a position to continue to act as a Statutory auditor of the Company, hence we hereby resign as the statutory auditor of the Company with immediate effect.

We enclose herewith Annexure-A as envisaged in SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019.

As per the requirement of the Companies Act, 2013, we shall be forwarding the copy of the ADT-3, as filled with ROC, in due course.

Please accept our resignation with immediate effect.

Yours faithfully,

For Suresh Surana & Associates LLP Chartered Accountants Fir ta No

* Membership No. 090988

To

Annexure A

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

• 1. Name of the listed entity/ material subsidiary: Spin Investment (India) Limited
• 1. Details of the statutory auditor:
• a. Name: Suresh Surana & Associates, LLP
• b. Address: 2" Floor, Tower-B, B-37, Sector-1, Noida 201301
• c. Phone number: 0120-626 5555

• d. Email: newdelhi@ss-associates.com

• Details of association with the listed entity/ material subsidiary: Material Subsidiary

a. Date on which the statutory auditor was appointed: 05 February 2018

b, Date on which the term of the statutory auditor was scheduled to expire: Up to date of AGM for FY ending 31 March 2022

c. Prior to resignation, the latest audit report/limited review report submitted by the auditor and date of its submission: Limited Review Report for Quarter Ended ³⁰ June 2021 submitted by the auditors on 13 August 2021.

1. Detailed reasons for resignation: Pre-occupation with other unlisted companies

2. 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): NIL

3. 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 management-imposed limitation or circumstances beyond the control of the management.

b. Whether the lack of information would have significant impact on the financial Statemenits/results.

c. Whether the auditor has performed alternative procedures to obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised)

d. Whether the lack of information was prevalent in the previous reported financial Statements/results. If yes, on what basis the previous audit/imited review reports were issued.

1. Any other facts relevant to the resignation: NIL

Declaration

1. We hereby confirm that the information given in this letter and its attachments is correct and complete. provided above for my resignatiesd resignation of my firm.

2. We hereby confirm that there is no other material reason other than those

Date: 29 September 2021

Place: Noida (UP)

Suresh Surana & Associates LLP

LOU AA Melt iiS

To Date: 29 September 2021

The Board of Directors, Superior Investment (India) Limited 4-7-C, DDA Shopping Centre, New Friends Colony, New Delhi-110025

Dear Sir,

Sub: Resignation as Statutory Auditor with immediate effect

As you were aware, we were appointed as the Statutory Auditors of Superior Investment (india) Limited ('the Company'). Refer to our ongoing discussions in connection with our continuation as statutory auditor of the Company and due to our preoccupation in other assignments, we are not in a position to continue to act as a statutory auditor of the Company, hence we hereby resign as the statutory auditor of the Company with immediate effect.

As per the requirement of the Companies Act, 2013, we shall be forwarding the copy of the ADT-3, as filled with ROC, in due course.

Please accept our resignation with immediate effect.

Yours faithfully,

For Suresh Surana & Associates LLP Chartered Accountan

Ravinder Partner Membership No. 090988