Ortin Global proposes auditor replacement from November 12

Ortin Global Limited proposed S. D. Mehta & Co. as statutory auditor from November 12, 2026, after Mathesh & Ramana resigned effective that date citing other professional assignments. The Board approved the replacement on November 11, 2026, but members must approve it at a general meeting to be convened within three months.

Why did Ortin Global change its statutory auditor?

Ortin Global changed its statutory auditor after Mathesh & Ramana resigned, citing preoccupation with other professional assignments. The outgoing firm submitted its resignation letter on November 11, 2026, and the resignation took effect on November 12, 2026, according to the Board's outcome disclosure and Annexure A.

Mathesh & Ramana was represented in the filing by partner B. V. Ramana Reddy, membership number 026967, and held firm registration number 002020S. The Board took note of the resignation at its November 11, 2026 meeting, which began at 5:00 p.m. at Ortin Global's Hyderabad registered office and concluded at 6:55 p.m.

The stated reason concerns the firm's other professional assignments, rather than an explanation related to the company's September 2026 financial results. Ortin Global disclosed the resignation and replacement process under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Who did Ortin Global propose as its next auditor?

Ortin Global proposed S. D. Mehta & Co. to fill the casual vacancy created by Mathesh & Ramana's resignation. The Board approved the appointment on November 11, 2026, on the recommendation of the Audit Committee, with effect from November 12, 2026 subject to members' approval.

S. D. Mehta & Co. has firm registration number 137193W and is represented in the disclosure by Shaishav Mehta, membership number 032891. Ortin Global describes the firm as providing assurance, tax and advisory services, with emphasis on compliance, documentation and practical business outcomes.

The appointment is made under Section 139(8) of the Companies Act, 2013, which the filing identifies as the basis for filling the casual vacancy. Ortin Global said S. D. Mehta & Co.'s work is governed by professional ethics, independence and confidentiality, while also describing its processes as intended to produce audit-ready outputs.

When must Ortin Global obtain member approval?

Ortin Global must obtain members' approval for S. D. Mehta & Co. at a general meeting to be convened within three months from the Board's November 11, 2026 recommendation. The Board-approved appointment remains expressly subject to this member approval.

If members approve the proposal, S. D. Mehta & Co. will hold office until the conclusion of the next Annual General Meeting. The filing does not give a date for the general meeting or for the next Annual General Meeting, but it identifies November 11, 2026 as the Board-recommendation date for the three-month meeting requirement.

What results did Mathesh & Ramana review before leaving?

Mathesh & Ramana completed a limited review of Ortin Global's unaudited results for the quarter and half-year ended September 30, 2026 before its resignation became effective on November 12, 2026. The Audit Committee recommended, and the Board approved, those results at the November 11, 2026 meeting.

For the quarter ended September 30, 2026, Ortin Global reported a loss after tax of Rs 26.86 lakh, compared with a loss of Rs 33.79 lakh in the preceding quarter ended June 30, 2026. Total income increased to Rs 3.90 lakh from Rs 1.60 lakh, while total expenses declined to Rs 30.58 lakh from Rs 35.06 lakh.

For the half-year ended September 30, 2026, the loss after tax was Rs 60.65 lakh, against Rs 67.79 lakh in the corresponding half-year ended September 30, 2025. Total income fell to Rs 5.50 lakh from Rs 9.49 lakh, while total expenses decreased to Rs 65.64 lakh from Rs 76.04 lakh.

What does Ortin Global's September 2026 balance sheet show?

Ortin Global reported total assets of Rs 4.51 crore as at September 30, 2026, down from Rs 4.65 crore at March 31, 2026. Current assets were Rs 3.71 crore at September 30, compared with Rs 3.84 crore six months earlier, while non-current assets were Rs 79.72 lakh against Rs 80.48 lakh.

Cash and cash equivalents declined to Rs 39.06 lakh at September 30, 2026 from Rs 60.59 lakh at March 31, 2026. Trade receivables increased to Rs 20.93 lakh from Rs 20.05 lakh, and other current assets rose to Rs 3.11 crore from Rs 3.03 crore over the same period.

Paid-up equity share capital stood at Rs 8.13 crore at September 30, 2026, unchanged from June 30, 2026 and September 30, 2025. Ortin Global reported other equity of negative Rs 6.89 crore for the year ended March 31, 2026 and said all operations relate to one segment, making segment reporting under Indian Accounting Standard 108 inapplicable.

Conclusion

Ortin Global has set out an immediate auditor transition: Mathesh & Ramana left effective November 12, 2026 because of other professional assignments, and the Board selected S. D. Mehta & Co. to fill the resulting casual vacancy. The replacement follows the Audit Committee's recommendation and comes after Mathesh & Ramana conducted the limited review of the September 2026 unaudited results.

The next disclosed event is a general meeting that must be convened within three months from November 11, 2026 for members to vote on S. D. Mehta & Co. If approved, the firm's stated term will last until the conclusion of the next Annual General Meeting, for which Ortin Global has not disclosed a date.