{"url":"https://newsforagent.com/news/2026-11-05/klassroom-edutech-rao-shyam-auditors","markdown_url":"https://newsforagent.com/news/2026-11-05/klassroom-edutech-rao-shyam-auditors.md","title":"Klassroom Edutech Names Rao & Shyam Statutory Auditors","headline":"Fusion Klassroom Edutech Appoints Rao & Shyam as Statutory Auditors After A V H P Resignation","description":"Fusion Klassroom Edutech appointed Rao & Shyam as statutory auditors on November 5, 2026, after A V H P & Company LLP resigned over long association norms.","section":"Leadership","published_at":"2026-11-05T09:44:53+00:00","modified_at":"2026-11-05T09:44:53+00:00","author":"News Desk","key_takeaways":["Fusion Klassroom Edutech appointed M/s Rao & Shyam, Chartered Accountants, as statutory auditors on November 5, 2026, subject to shareholder approval.","Outgoing auditor A V H P & Company LLP resigned effective November 4, 2026, citing Section 139(2) long association norms.","Engagement partner CA Hitesh Purohit signed the company's audit reports for ten years, from FY17 to FY26."],"companies":[{"name":"Klassroom Edutech","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00034tu/klassroom-edutech","website":"https://www.klassroom.in"}],"source":{"publisher":"ScanX","title":"Fusion Klassroom appoints Rao & Shyam as auditors post resignation","url":"https://scanx.trade/stock-market-news/companies/fusion-klassroom-appoints-rao-shyam-auditors-post-resignation/55415306"},"other_sources":[],"tags":["Leadership","Klassroom Edutech"],"body_markdown":"Fusion [Klassroom Edutech](https://akta.pro/company-profiles/00034tu/klassroom-edutech) Limited appointed M/s Rao & Shyam, Chartered Accountants, as its new statutory auditors on November 5, 2026, following the resignation of M/s A V H P & Company LLP effective November 4, 2026. [ScanX](https://scanx.trade/stock-market-news/companies/fusion-klassroom-appoints-rao-shyam-auditors-post-resignation/55415306) reported that the board approved the appointment, which is subject to shareholder ratification at the ensuing General Meeting.\n\n## Why A V H P & Company LLP Stepped Down\n\nThe outgoing firm cited auditor independence as its primary reason for stepping down. Engagement partner CA Hitesh Purohit had signed the company's audit reports continuously for ten years, from FY17 to FY26, through different firms including M/s Keni & Purohit and M/s H M Purohit & Associates. After the company's listing on the BSE SME Platform on August 7, 2026, the firm determined that continuing the engagement would conflict with Section 139(2) of the Companies Act, 2013, and the ICAI Code of Ethics on long association. The resignation letter confirmed that no other material reasons or disagreements with management prompted the departure.\n\n## Rao & Shyam's Mandate And Reach\n\nM/s Rao & Shyam, established in 1993, will serve as statutory auditors to fill the casual vacancy, effective November 5, 2026, pending shareholder approval. The firm operates across Mumbai, Visakhapatnam, and Hyderabad, offering statutory audit, internal audit, taxation, and business advisory services. A V H P & Company LLP holds firm registration number W100671, while Rao & Shyam holds FRN 006186S.\n\n## Klassroom Edutech's Listing And Governance Records\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Klassroom Edutech filed its Draft Red Herring Prospectus with SEBI in February 2026 for an IPO on the BSE SME platform, comprising a fresh issue of up to 19.89 lakh equity shares and an offer-for-sale of up to 4.66 lakh shares. The records show the Mumbai-based company was founded in 2016 and has seven funding rounds on file, including a $1 million round in September 2022 and a $450,000 round in October 2023 led by ah! Ventures.\n\n## Earlier Klassroom Edutech Milestones\n\nKlassroom Edutech listed on the BSE SME platform on August 7, 2026, with shares debuting at ₹170 per share, a 6.92% gain over the IPO issue price of ₹159, Entrepreneur India reported. On September 26, 2026, the company received a work order valued at Rs. 13.5 mn from a domestic private company in Bengaluru for developing educational video content on AI, machine learning, banking, and finance, Construction World reported. Inc42 reported that Klassroom's H1 FY27 net profit rose 23.8% year-on-year, and that the company approved a five-year appointment of Neeta Desai as secretarial auditor.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}