General Announcement::Disclosure pursuant to receipt of resignation letter from Statutory Auditors of the Company
October 11, 2021 at 02:12 pm
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October 11, 2021
To,
Singapore Stock Exchange
2 Shenton Way, #19- 00 SGX Centre 1,
Singapore 068804
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (the "SEBI LODR") pursuant to the receipt of resignation letter from Statutory Auditors of Videocon Industries Limited (the "Company").
In terms of the provisions of Regulation 30 of the SEBI LODR read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019 ("SEBI Circular"), we hereby inform you that M/s S.Z. Deshmukh & Co, Chartered Accountants (Firm Registration No.: 102380W), Statutory Auditor of the Company, have tendered their resignation from the position of Statutory Auditors vide letter dated October 08, 2021 which was placed before Mr. Abhijit Guhathakurta, Resolution Professional of the Company, on October 11, 2021.
The reasons for their resignation along with other information as required under Annexure-A to the SEBI Circular, is provided by M/s S.Z. Deshmukh & Co as part of their resignation letter.
A copy of the resignation letter is attached herewith and marked as Annexure -1.
The Company is in process of evaluating the said letter and, this remains subject to the views of the committee of creditors to be obtained at their next meeting.
VIDEOCON INDUSTRIES LIMITED
Correspondence Address
R e g i s t e r e d O f f i c e
New
Delhi
Office
Project
Office
(Oil &
Gas)
171 Mittal Court, 'C' wing, 17th
14KM
Stone, Aurangabad-
Videocon Tower, 12th Floor,
42,
Thirumal
Pillai
Road,
Floor, Nariman Point, Mumbai
Paithan
Road,
Village
Rani Jansi Marg, E-1 Jhandewa
1st
Floor,
T.
Nagar,
- 400012, India
Chittegaon, Taluka
Paithan,
Ion Extn, New Delhi - 110055
Chennai
- 600 017
India
District Aurangabad - 431 105
India
T (+91-44) 2834 3180
T (+91-22) 6611 3500
India
T (+91-11) 4159 3100
F (+91-44) 2834 0950
T (+91 - 2431) 251501 - 2
F (+91-11) 41593150/ 23616593
F (+91 - 2431) 251501
www.videoconworld.com
CIN:L99999MH1986PLC106324
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Videocon Industries Ltd. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 18:11:01 UTC.
Videocon Industries Limited operates in the business of consumer electronics and home appliances and oil and gas. Its business is divided into two segments: Manufacturing, Assembly, Marketing & Distribution of consumer electronic products and home appliances (CEHA Business) inter-alia, including air conditioners, refrigerators, televisions, washing machines and mobile phones and tablets and Oil & Gas. Its products include televisions, refrigerators, washing machines, air conditioners and other small appliances. Its TVs include Ai Smart TV; Liquid Luminous Display; 4K Ultra HD; Wireless display connectivity, and Star rated. It expanded its product portfolio to fully automatic top loading and fully automatic front loading in sizes ranging from 5.5 Kg to 10Kg. Its small appliances include microwave ovens, Oxy fryers, induction cooktops, toasters, sandwich makers, rice cookers, iron and heaters. It has manufacturing facilities at Chittegaon, Bharuch and Warora.