Murudeshwar Ceramics Ltd. — Board/Management Information 2019

Aug 13, 2019

:VI MURUDESHWAR I CERAMICS LTD.

CIN No. : L26914KA1983PL0005401 Naveen Complex, 7th Floor, 14, MG. Road, Bengaluru - 560 001 INDIA Phone : 080 - 42897000 25584181 Fax : 080 - 25584017 e-mail : mclblore@naveentile.com

MCL: SEC: AUG: 2019 AUGUST 13, 2019

To, National Stock Exchange of India Limited, Bombay Stock Exchange Limited, Exchange Plaza, Bandra Kurla Complex, Floor 25, P J Towers, Bandra (East), MUMBAI 400 051, Dalal Street, MUMBAl 400 001, Stock Code: IVIURUDCERA.EQ Stock Code: 515037

To,

Dear Sir/ Madam,'

Sub: Announcement under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

With reference to the captioned subject it is hereby intimated to the Exchanges that Mr. K A Raghupathy (M. No.1218041) proprietor of K. A. Raghupathy & Co., the Statutory Auditor ofthe Company has resigned with effect from August 13, 2019.

Reason for Resignation	in constitution of firmfromthe firm and ChangeDue to downsizing
( Date of Resignation	Partnership to ProprietorshipAugust 13, 2019I

Further, the disclosure as required under 7A of Schedule III to Regulation 30 of the SEBI (LODR) Regulations, 2015, is annexed to thisthi's' letter.

Further, it is hereby intimated that the Board of Directors has recommended to appoint Mr. Krishnaraj K (M. No. 217422), Chartered Accountants partner of M/s. K.G. Rao & Co, (Firm Registration No. 0104635), the Statutory Auditors of the Company (Brief Profile hereunder enclosed)

Request you to treat this intimation as compliance with the SEBI (LODR) Regulations, 2015 and take on record.

Thanking you.

EncI.: As Above

An ISO 9001—2008 Certified Company

CHARTERED ACCOUNTANTS : OX' K. A. RAGHUPATHY & co.,

To, August 13, 2019 The Board of Directors, Murudeshwar Ceramics Limited, Murudeshwar Bhawan, 604/B, Gokul Road, Hubballi -580030,

Sir/s,

Sub: Resignation as auditor of M/s Murudeshwar Ceramics Ltd due to Reconstitution of our firm M/s K A Raghupathy 8: Co

We wish to inform you that there has been a change in constitution of our firm from partnership to proprietorship with effect from 03.07.2019. Further to the above, due to downsizing of our firm, we will not be able to continue our services as statutory auditors of your company with effect from 13.08.2019.

We therefore request you to consider this letter of resignation and acknowledge the same.

Thanking you.

For K.A. Raghupat y 8: Co. ICAI FIRM R

Chartered AccOuntant M. No.: 218041

81," SRI GURUKRUPA" , 2nd Main, 3rd 'A' Cross, Nanjappa Layout, Vidyaranyapura, Bengaluru - 560 097.

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JCQ. Rao & C0, Chartered Accountants is an auditing, assurance and business advisory firm established to provide its clients & community with high quality and professional services.

We are proud to be one of the professional auditing firms having 15 years of excellence in various areas of profession, our growth and success are directly linked to our commitment to excellence and professional services that we provide to our clients which are statutorily required in accordance with Indian regulatory requirements as well as other audits depending on client requirements.

Our main goal is finding new ways to serve the clientele. We make it our duty to train ourselves and recruit competent specialists in specialized areas so that we can provide the client with the high quality service that is expected of us over the period. Therefore our motto is Value Addition by Service.

We are dedicated to quality and val 1w addition by service. It is through offering our own expertise in various Assurance and consulting services and maintaining an ongoing system of quality review that we offer the client professional services. We evolve to improve all aspects of our policies, processes and work culture to emerge as better human beings, in turn to strive for self improve and upliftment of society. We have high morals and supreme ethics. We hold ourselves responsible to the profession, clients, society at large and to the nation. Our commitments are forever and for all with whom we deal.

We have wide experience in Statutory audit, Internal Inspection, Revenue audit/Concurrent audit of various companies registered under companies act, partnership firms, limited liability partnership, Banks, Insurance Companies, trust, educational institution etc.

(a) 15 years experience in statutory audit of private limited companies and Public sector bank branches.

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Besides the above we have been conducting tax audit, Management Consultancy, Stock Audit, Indirect Tax Consultancy, Income Tax Consultancy, Tax planning, Accounting services, Payroll services and financial management including project financing of various corporate and non-corporate entities.

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CA. Ganesh Rao B'Com, FCA

CA. Ganesh is a Fellow Member of ICAI and a graduate of commerce. He founded the firm in 2003 at Mangalore.

He heads the Income Tax, Indirect Taxes and Business set-up services. He is also specialized in Income Tax representations, litigation matters and Bank Audits besides being involved in other Professional Services of the firm.

CA. Krishnaraj K B.com, FCA,DIRM, DISA

CA. Krishnaraj is Fellow Member of ICAI and a graduate of commerce and holding Diploma in Information System Audit [DISA] 8: Diploma in Insurance and Risk Management [DIRM] from ICAI. He heads Bangalore Office covering the Statutory Audit, Tax Audit, Direct Taxes, Indirect Taxes, and ROC compliances and Bank Audit.

He also specialized in Management Information System, System Audit, Compliance Audit, Management Audits, Statutory Audit, Stock Audit, Company Formation and Compliance, VAT and Service tax.

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Currently, the Firm's staff is composed of professionals in addition to a pool of consultants in various fields of experience to support the operation & can operate in complete computerized environment. Our team has richly experienced retired ex-bankers to provide services to the clients. The firm's Association with various knowledge portal and

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institutional bodies has made their professional capabilities and resources to a creation degree unlimited. The firm is maintaining a continuous staff professional development programme to ensure the high professional calibre of its staff. The Firm promotes its staff by encouraging them to participate in training programs conducted by various institutional bodies and professional institutions.

AUDIT & CERTIFICATIONS

Range ofServices:

• wk Statutory audits under corporate laws
• Statutory audit of bank branches under banking regulations
• Tax audit under Income tax laws
• Vat audit under State Vat laws
• Inventory Audit 5L Valuation
• Service Tax Audit under Indirect Tax Laws
• Statutory audit under societies and trust laws.
• Certifications for Foreign Outward remittances
• Certification on Valuation 8L Issue of Shares to Non Residents
• ++++++++w+ Certification on ESI Compliance
• Certification under Tax Laws

MANAGEMENT CONSULTANCY

These Services include Internal Audit, Management Services, Systems Designing and Evaluation, Cost and Profit enhancement plans.

• 1&- Internal and Management Audit

• i Concurrent Audit

• 4: Financial analysis 8L reporting

• is Budgeting

• i Systems Study, design and evaluation

• wi- Design and Development ofAccounting & MIS

• i-Assistance on FEMA compliance

• 4., Fixed Asset register maintenance and reconciliation

CORPORATE SERVICES

• is Assistance in obtaining DIN
• Getting Name Approvals
• Drafting of Memorandum and Articles ofAssociation, Deeds
• Preparation and documentation of resolutions
• Incorporation of Companies
• Preparation and filing ofAnnual Returns, etc.,
• Filing various forms of compliance viz, form18, form32, etc.
• +++++++ Preparation and maintenance of registers as per Companies Act.

TAX ADVISORYAND COMPLIANCE

The firm specializes in tax planning, representation and advisory services to Corporates, Trusts, Firms, and Individual Assessees.

Range ofServices:

• \L Assist in obtaining PAN
• *- Preparation and filing of Tax Returns of Individuals, Firm, Companies, Trusts and Societies.
• Attending Assessment Proceedings
• Appearance before various levels ofAppeals
• Handling Search and Seizure Cases
• Tax planning
• Registration of Partnership firms
• Registration of Trusts with Tax Departments
• SEZ registration and compliance
• Obtaining Lower TDS certificates
• Advice and opinion on issues under Direct and Indirect tax laws.
• ++r+++++r+ TDS deduction and compliances

GST MATTERS

Services Rangingfrom:

• is Registration under GST Act.
• is Computation and compliance on reverse charge mechanism
• 4: Preparation and filing of periodic returns.
• +- Annual Return preparation 8L filing
• i Handling of Assessment Procedures.
• 1. Appearance before various levels ofAppellate Authorities.

COMPLIANCE AND ASSISTANCE SERVICE

• 1L Registration & Renewals under S St E Act
• Registration & Renewals under Contract Labour Act
• Provident Fund registration and end to end service
• ESIC registration and end to end service
• PT 81 LWF Registration 8L Compliance
• Maintenance of Labour compliance statutory registers
• Assistance on Department Inspection and audits
• +++++++ Training service onAccounting/Inventory/Payroll systems and software
• CMA Reports for Banks (for obtaining Credit Facility)
• Book Keeping services 61 Accounts Outsourcing solutions
• Accounts Receivable and Payable Reconciliation
• Inventory Accounting, Management 5L Reconciliation
• MlS Reports
• +++r++ Digital Certificates assistance

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Decentralised Office) ICAI BHAWAN, 122, MAHATMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI - 600034 Tel. :+91 (44)39893989, 30210300 Fax.:+91 (44) 30210355 E-mail:sro@icai.org Website: http://www.icai.org

TO WHOMSOEVER IT MAY CONCERN

This is to certify that the undermentioned firm of Chartered Accountants is registered under the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988 made thereunder. The name/s of the Proprietor/Partner therein is/are given below:

Regn. No. (F.R.N)Name of the FirmH.0. Address				0104635	M/s. K G RAO & COGROUND FLOORCITI CENTREBALMATI'AMANGALORE 575001
Address(es) of Branch Offices					# 15 3RD CROSS,SAMP GEROAD,MALLESHWARAM,BANGALORE560003
Year Of EstablishmentDate from which itis continuingas a PartnershipFirm					15/12/200301/04/2009
Constitution of the Firm as on					18/08/2014
Particulars of Partners
Member Name		MembershipNumber	AdmissionDateas Partner/Proprietor	*DeemedDate	FCA Date	ACA Date	IndividualPractice/Association withOtherFirm/Occupation	Paid Asst.in samefirmFrom	To
MR. GANESHK	FCA	098978	15/12/2003	20/07/2001		17/08/2006 20/07/2001
MR.KRISHNARAJK	FCA	217422	01/04/2009	18/05/2007	28/05/2011	26/04/2006

DR. P.T.G|R|DHARAN (JOINT DIRECTOR)