# Change in Auditors: Nitin Fire Protection Industries Ltd.

In a significant development, Nitin Fire Protection Industries Ltd. has announced a change in its statutory auditors following a Board meeting held on October 30, 2025. The company, which has been undergoing liquidation since January 2022 due to its admission into the Corporate Insolvency Resolution Process (CIRP) in October 2018, is now under the management of Mr. Uliyar Balakrishna Bhat, the appointed Liquidator.

The Liquidator confirmed the completion of the sale process of Nitin Fire Protection as a going concern and is currently awaiting the final liquidation closure order from the Hon’ble National Company Law Tribunal (NCLT). During this transition, the company has successfully approved its audited financial results for the fiscal year ending March 31, 2025, which received an unmodified opinion from the newly re-appointed statutory auditors, Tolia & Associates, Chartered Accountants.

Effective October 30, 2025, Tolia & Associates will oversee auditing for the financial year 2025-26. Their recent audit report assures stakeholders of the company’s financial health and compliance with the Securities and Exchange Board of India (SEBI) regulations.

This shift in auditors represents a crucial step for Nitin Fire Protection as it strives to stabilize and emerge from its insolvency challenges. The company aims to maintain transparency and uphold the highest financial reporting standards as it navigates this transformative phase.

For further updates and detailed financial insights, visit [Nitin Fire Protection Industries Ltd.](http://www.nitinfire.com).