BSECompany Update2 Sept 2026 · 2 Sept 2026, 06:54 pm
Intimation of Resignation of Statutory Auditor of the Company as attached
Vivid Mercantile Ltd · 542046
✦ AI SummaryAuditor Change
Vivid Mercantile Ltd has announced the resignation of its statutory auditor, M/s. Shah Karia and Associates, due to personal reasons. The resignation takes effect from September 2, 2026. The company will consider appointing new statutory auditors in due course.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Vivid Mercantile Ltd - 542046 - Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
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VIVID MERCANTILE LIMITED
(CIN: L74110GJ1994PLC021483)
Reg. office: G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road,
Ahmedabad - 380009, Gujarat
Email: complianceviel@gmail.com Website: www.vividmercantile.com
Contact No. 079-48921375
Date: September 02, 2026
General Manager
Department of Corporate Services
BSE Limited
Listing Operations (Equity),
P. J. Towers, Dalal Street,
Mumbai – 400001
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”)- Intimation regarding resignation of the Statutory
Auditor of the Company.
Ref: VIVID MERCANTILE LIMITED (Script Code - 542046)
With reference to the above, we wish to inform you that M/s. Shah Karia and Associates, Chartered
Accountants, (Registration No. 131546W), have expressed their inability to continue as statutory auditors of
the Company vide their letter dated 2nd September, 2026 whereby, they have tendered their resignation, with
the reason mentioned in the resignation letter enclosed herewith.
There are neither any concerns raised by the resigning auditor with respect to the management of the
Company nor there is a material reason for the resignation. Hence, no deliberation on the same is required to
be done by the Audit Committee and consequent disclosure of Audit Committee’s view is not applicable.
The Audit Committee and the Board would consider the appointment of new statutory auditors in due course,
to fill the casual vacancy caused by the resignation as aforesaid and the same would be intimated accordingly.
Further details concerning the resignation and change in auditors, as required under Regulation 30 read with
Schedule III of the Listing Regulations and SEBI Circulars CIR/CFD/CMD/4/2015 dated September 9, 2015
is enclosed as Annexure I.
The additional details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended from time to time read with SEBI Circular
HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 along with Resignation letter are
enclosed.
This is for your records and further dissemination.
Thanking You
For, VIVID MERCANTILE LIMITED
Satishkumar Ramanlal Gajjar
Managing Director
(DIN: 05254111)
Encl: As Stated
VIVID MERCANTILE LIMITED
(CIN: L74110GJ1994PLC021483)
Reg. office: G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road,
Ahmedabad - 380009, Gujarat
Email: complianceviel@gmail.com Website: www.vividmercantile.com
Contact No. 079-48921375
Annexure I
Information as required under Regulation 30 - Part A of Para A of Schedule III of
SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Sr No. Particulars Details
1 Name M/s. Shah Karia and Associates,
2 Reason for change Resignation due to personal reason and
detailed reasons for resignation
mentioned in the attached resignation
letter of the statutory auditors dated
September 2, 2026
3 Date of Cessation The resignation of Statutory Auditors
takes into effect from September 2,
2026
4 Brief Profile (in case of appointment) Not Applicable
5 Disclosure of Relationships between Directors Not Applicable
(in case of appointment of Director)
SHAH KARIA & ASSOCIATES
Chartered Accountants
Date: September 02, 2026
The Board of Directors,
Vivid Mercantile Limited
Sub: Resignation as Statutory Auditors due to Personal Reason
Dear Sir/Madam,
We hereby tender our resignation as the Statutory Auditors of Shah Karia & Associates
(FRN: 131546W) with effect from September 02, 2026 due to personal reasons. We are not
able to continue as a Statutory Auditors of the Company. Hence, accordingly we are
submitting our resignation as Statutory Auditors of the Company with immediate effect.
We request the Board of Directors to kindly take the same on record and complete the
necessary formalities in this regard.
We would like to thank the management and the Board of Directors for the cooperation and
support extended to us during our tenure as Statutory Auditors of the Company.
We wish the Company continued success in the future.
Thanking You,
For Shah Karia & Associates
Chartered Accountants
ICAI Firm Registration No.: 131546W
Pt 5
Priyank Shah
Partner
Membership No.: 118627
Place: Ahmedabad
801, Iconic Shyamal, Opp City Gold, Shyamal Cross Roads, Satellite, Ahmedabad 380015.
E-mail — shahkaria.ca@gmail.com, auditors.shahkaria@gmail.com
ANNEXURE-
Sr No. Particulars Details
1 Name of the listed entity : VIVID MERCANTILE LIMITED
2 Details of the Statutory auditor
a. Name: SHAH KARIA & ASSOCIATES
b. Address: 801, Iconic Shyamal, Opp City Gold, Shyamal Cross
Roads, Satellite, Ahmedabad 380015.
c. Phone number: +91 81609 93416
d. Email: shahkaria.ca@gmail.com
3 Details of association with the listed entity/ material subsidiary:
a. Date on which the statutory auditor was appointed: 3" September, 2025
b. Date on which the term of the statutory auditor was | 31* March, 2030
scheduled to expire:
c. Prior to resignation, the latest audit report/limited review | Limited Review Report for the quarter ended 30 June
report submitted by the auditor and date of its submission. 2026, dated 07 August 2026
4 Detailed reasons for resignation: Due to personal reasons.
5 In case of any concerns, efforts made by the auditor prior to | There were no concerns relating to the affairs of the
resignation (including approaching the Audit Committee/Board | Company requiring communication to the Audit
of Directors along with the date of communication made to the | Committee/Board of Directors prior to our
Audit Committee/Board of Directors) resignation
6 In case the information requested by the auditor was not
provided, then following shall be disclosed:
a. Whether the inability to obtain sufficient appropriate | Not Applicable
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 | Not Applicable
impact on the financial statements/results.
c. Whether the auditor has performed alternative proceduresto | Not Applicable
obtain appropriate evidence for the purposes of audit/limited
review as laid down in SA 705
d. Whether the lack of information was prevalent in the previous | Not Applicable
reported financial statements/results. If yes,on what basis
the previous audit/limited review reports were issued
7 Any other facts relevant to the resignation There are no other facts relevant to the resignation
Declaration
1. I/ We hereby confirm that the information given in this letter and its attachments is correct and complete.
2. 1/ We hereby confirm that there is no other material reason other than those provided above for my resignation/ resignation of
my firm.
For Shah Karia & Associates
Chartered Accountants
ICAI Firm Registration No.: 131546W
figpmen Bt
Priyank Shah
Partner Place: Ahmedabad
Membership No.: 118627 Date: 02/09/2026