Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors

• Security Code: 519421
• Company: KSE

Sub: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Intention of Statutory Auditor to resign effective from the conclusion of the ensuing annual general meeting
M/s. S. S. Ayyar & Co., Chartered Accountants, Kottayam (ICAI Firm Registration No. 050012 S), who have been appointed as Statutory Auditors of the Company for a period of five years from the conclusion of AGM held on 31.08.2017, has expressed their desire to discontinue from post of Statutory Auditor of the Company on the conclusion of the 55th Annual General Meeting, to be held on 31st August, 2019, citing reasons including health grounds, resulting into a casual vacancy in the office of Statutory Auditors of the company as envisaged by section 139(8) of the Companies Act, 2013.
Thereupon, the Board of Directors have decided to incorporate a resolution in the agenda to the ensuing Annual General Meeting to be held on 31st August, 2019, for appointing M/s. Sridhar & Co. (ICAI Firm Registration No. 003978S), Thiruvanthapuram, in the casual vacancy, as Statutory Auditor of the company pursuant to the provisions of Section 139 (8) of the Companies Act, 2013, for the audit of accounts of the company for the financial year 2019-20.
Kindly make a note of the above and arrange to announce the same to the members.