Editorial October 2026

Dear Readers,

During the month of September 2026 Mr. Raghu Marwah, CEO visited Kolkata and interacted with clients on M&A matters and other business owners.

On the Direct Tax front, the Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing the Tax Audit Report from 30 September 2026 to 21 October 2026 and the due date for filing the Income Tax Return to 21 November 2026 from 31 October 2026. This extension would benefit corporate taxpayers, Audited Non-Corporate entities, Partners of audited firms and other specified auditees.

On the Assurance front, the SEBI has formally referred the auditors of Kore Digital Limited (‘KDL’) to NFRA for appropriate action, if any due to the Rs 541 crore misstatement arising over 2 years in the financial statements of KDL, listed on the NSE Emerge platform. The SEBI has ordered that despite subsidiaries generating majority of consolidated revenue, auditor failed to provide working papers, audit correspondence with subsidiary auditors, compliance with SA 600 (Using the Work of Another Auditor) or verification records.        

RNM Capital Trust, an Alternative Investment Fund (AIF) category 3 based out of Gift City catering to Non Residents held its 3rd Investment Committee (‘IC’) Meeting for the quarter ended 30 September 2026. The independent IC Members, praised the performance, processes and professionalism of the Fund. 

RNM Tower, our green certified commercial leasing building in Mohan Co-operative, New Delhi during the month conducted a marketing campaign on LinkedIn. The negotiations with few global co-working players to ensure the ideal tenant mix continues. We are very thankful to the real estate broker community for supporting our initiatives.  

We would like to take this opportunity of wishing all our readers Happy Dussehra on 20 October. On this day we celebrate the ultimate victory of good over evil when Lord Rama defeated the demon King Ravana.