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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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