Change in Auditors

Date: 12-08-2026 To, To, The Secretary, Listing Department The Manager-Listing Department BSE Limited, The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Fort, Mumbai - 400001, Maharashtra, Kurla Complex, Bandra (E), Mumbai - 400051, Bharat Maharashtra, Bharat Respected Sir/Madam, Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 we wish to inform you that M/s. P K N & Co., Chartered Accountants (Firm Registration No. 137148W), have tendered their resignation as the Statutory Auditors of the Company at the meeting of the Audit Committee held on August 12, 2026, citing the reasons set out in their resignation letter. The Audit Committee and the Board of Directors, at their respective meetings held on August 12, 2026, further noted that there are no reasons other than those stated in the resignation letter received from the Statutory Auditors for their resignation. The copy of the said resignation letter and the information required from the auditor in pursuance of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, received from the Statutory Auditors, are attached herein. Further the details required under Regulation 30 Read with Schedule III of the SEBI (LODR) Regulation, 2015, is enclosed herewith as Annexures. The above information is also being hosted on the Company’s website www.axitacotton.com as per the listing regulations. This is for your information and record. Thanking you, Yours faithfully, For, Axita Cotton Limited Nitinbhai Govindbhai Patel Chairman and Managing Director DIN: 06626646 Encl. As above Annexure Details under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Resignation of Statutory Auditor Sr. No. Details of the event that need to be provided Information of Such events a Name of the Statutory Auditor & Firm M/s. P K N & Co., Chartered Accountants, Registration Number (FRN) (Firm Registration No. 137148W) b Reason for change viz. Appointment or As per the Resignation letter enclosed. Resignation or Re-appointment or Death or otherwise and Basis of recommendation for Re- Appointment c Date of Appointment / Reappointment / August 12, 2026 Cessation (as applicable) & Term of Appointment / Reappointment; d Brief Profile (in case of Appointment); Not Applicable e Disclosure of relationships between Directors Not Applicable (in case of appointment of a director). PKN&CO CHARTTRTD ACCOUNTANTS Date:Au8ust 12,2026 The Board of Directors AXITA COTTON LIMITED CIN: 101632GJ2013P1C075059 SERVEY NO. 324 357 358 KADITHOL ROAD BORISANA, Mahesana, KADI, Gujarat, lndia, 382715 subject: Resltnatlon as StatutoryAudito, under Sedion 140(2)ofthe Companies Act,2013 Dear sir/Madam, We, M/s. P x N &co, chartered Accountants, havin8 Firm Re8istration No.1371lEW referto ourappointment as the Statutory Auditors of Axila Cotton Limited pursuant to the resolution passed by the members of the Company on August 25, 2025, for the term commencing from the date of our appointment and continuing untiltheconclusionof the lTthAnnualGeneral Meetintof theCompany. We hereby tender our resignation as the Statutory Auditors of the Company with effect from Au tusl !2,2026, before completion ofour originally scheduled term. our decision to resign is based on intemal administrative .nd operatioral restructuring within our firm and is not on account of any disagreement with the management or those charged with Bovernance of the Company, nor is itattributable to any matter re latint to the Company's accounting policies, financialreporting, audit scope, access to information, management representations or availability ofaudit evidence. During the course of our association with the Company, our firm has undertaken an internal review of its professional practice structure, includint the allocation and deployment of partners, qualified professional personnel and other audit resources across its existing and continuing engatements. As part of this internal restructuring, there have been changes in the availability and deploymentof profession a I resou rces wlthin the firm, including the personnel and partner-level resources that were being utilised for the Company's statutory audit and related reportint requirements. considering the nature, scale, regulatory requirements and continuint reportint obligations associated with the statutory audit of a listed entity. we have assessed that, under the revised internal resource structure of our firm, we would not be able to commit the level of ded icated partner involvement, professional manpower, continuity and administrative support that, in our professional assessment, is appropriate for the Company's statulory audit enga8ement Soing forward. ln particular, the flrm's revised allocation ofprofessional resources and internaladministrative responsibilities has resulted in a chan8e in the availability of the personnel who were expected to provide continuity to this en8age ment. Altho ug h the firm rema ins ca pa ble of u nderta king profess iona I assiS n m e nts, the present inte rnal deployment structure does not permit us to provide the company with the level of dedicated and timely the . resources that we consider necessary for satisfactorily continuinB the engagement for the remainder of term. ! pkn.ndcompsnyclemlll.com I 1315, Eo.tun6 8u.ln.s. Hub, tl.ar Sholl P.trol Pump, 079 48985353 Scimc. Clty Rord, Sol., Ahmod.b.d, cul.r.t .380060 we have therefore concluded, after internal consideration, that it would be in the best interests of the Company and the firm to facilitate an orderly transition to another eliBible statutory auditor at this stage rather than continue the engagement when we are unable to provide the desired level of continuity and resource commitment For clarity, our resignation is not arising from any unresolved accounting or auditinB matter, disagreement with the mahagement or Audit Committee, limitation on the scope of our audit/review, non-availability oI information or documents, inability to obtain sufficient appropriate audit evidehce, qualilication or proposed qualiliaation in relation to the fina ncia I statem e nts/resu lts, or any concern regardingthe integriW or cooperation oI the Company's management. We further confirm that, prior to this resiBnation, we have completed and issued the following reports: Audit Report dated April 20, 2026 on the financial statements of the Company for the year ended March 31, 2026; and Limited Review Report dated August 12,2026 on the unaudited standalone financial results of the Company for the quarter ended .lune 30, 2026. We request the Company to take the necessary steps for appointment of another statutory auditor in accordance with the applicable provisions of the Companies Act, 2013, SEBt (Listing Obligations and Disclosure Requirements) Regulations, 2015, applicable SEBI circulars and other applicable regulatory requirements. we shall extend reasonable cooperation for an orderly transition and provide such information and records as may appropriately be required by the Company and/or the incoming statutory auditor, subject to applicable professional and regulatory requirements. We thank the Board, the Audit Committee and the management of the Company for the cooperation and assistance ertended to us durint our association with the Company. We also enclose herewith the information in the format prescribed by SEBI in connection w [Showing first 8,000 characters — download PDF for full document]