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Barrel Energy (BRLL) appoints Shah Teelani as new independent auditor

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Barrel Energy Inc. filed an 8-K to report a change in its independent auditor. On April 28, 2026, the company dismissed Fruci & Associates II, PLLC, which had audited its 2023 and 2024 financial statements and reviewed 2025 interim results.

The Board of Directors approved the change and reported no disagreements or reportable events with the former firm. On April 21, 2026, Barrel Energy engaged Shah Teelani & Associates Chartered Accountants to audit its financial statements for the year ended December 31, 2025, supporting its previously filed Form 10.

Positive

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Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Former auditor dismissal date April 28, 2026 Dismissal of Fruci & Associates II, PLLC as independent auditor
New auditor engagement date April 21, 2026 Engagement of Shah Teelani & Associates Chartered Accountants
Fiscal year to be audited Year ended December 31, 2025 Scope of new auditor’s engagement
Prior audited fiscal years 2023 and 2024 Years audited by Fruci & Associates II, PLLC
Reviewed interim period Nine months ended September 30, 2025 Interim financials reviewed by former auditor
Form 10 filing date February 23, 2026 Previously filed Form 10 requiring 2025 audit
independent registered public accounting firm financial
"dismissed Fruci & Associates II, PLLC ... as its independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"there were ... no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K"
Item 304(a)(1)(v) of Regulation S-K regulatory
"no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K"
Form 10 regulatory
"in connection with the Company's previously filed Form 10"
Form 10 is a U.S. Securities and Exchange Commission filing companies use to register their securities and become subject to public reporting requirements, delivering a comprehensive package of business descriptions, audited financial statements, management information and risk factors. For investors it matters because it creates a standardized, permanent dossier on a company—like a full inspection and disclosure packet when buying a house—so you can assess finances, risks and management and compare firms reliably.
emerging growth company regulatory
"Securities registered pursuant to Section 12(b) of the Act: None Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 5, 2026 

BARREL ENERGY INC.

(Exact name of registrant as specified in its charter)

 

Nevada

000-56001

47-1963189

(State or other jurisdiction

of incorporation)

(Commission

File No.)

(IRS Employer

Identification No.)

 

3859 S Valley View Blvd,Ste 2 #107

Las Vegas, NV

 

89103

(Address of principal executive offices)

(Zip Code)

 

1-702-595-2247

Registrant’s telephone number, including area code

 

____________________________________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

  

 

 

     

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

 

(a) Dismissal of Previous Independent Registered Public Accounting Firm

 

On April 28, 2026 Barrel Energy Inc. (the "Company") dismissed Fruci & Associates II, PLLC, located at 802 N. Washington, Spokane, WA 99201, as its independent registered public accounting firm.

 

Fruci & Associates II, PLLC served as the Company's independent auditor for the fiscal year ended December 31, 2025 and provided audit and review services in connection with the Company's previously filed Form 10, including audited financial statements for fiscal years 2023 and 2024, and reviewed financial statements for the nine-month period from January 1, 2025 through September 30, 2025.

 

The decision to change auditors was approved by the Company's Board of Directors.

 

During the fiscal years ended December 31, 2023 and 2024, and through the date of dismissal, there were:

 

(i) no disagreements with Fruci & Associates II, PLLC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Fruci & Associates II, PLLC, would have caused them to make reference thereto in their reports; and

 

(ii) no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

 

The Company has provided Fruci & Associates II, PLLC with a copy of the disclosures contained in this Current Report on Form 8-K and has requested that Fruci & Associates II, PLLC furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein. A copy of such letter will be filed as an exhibit to this report by amendment.

 

 
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(b) Engagement of New Independent Registered Public Accounting Firm

 

On April 21, 2026, the Company engaged Shah Teelani & Associates Chartered Accountants, located at 302-303, Shubh House, Bh. Jain Dairy, Swastik Cross Road, Off C.G. Road, Ahmedabad 380009, Gujarat, India, as its new independent registered public accounting firm.

 

The engagement of Shah Teelani & Associates Chartered Accountants is for the purpose of auditing the Company's financial statements for the fiscal year ended December 31, 2025, which are required in connection with the Company's previously filed Form 10 on February 23, 2026.

 

During the Company's two most recent fiscal years and through the date of engagement, neither the Company nor anyone acting on its behalf has consulted with Shah Teelani & Associates Chartered Accountants regarding:

 

(i) the application of accounting principles to a specified transaction, either completed or proposed;

 

(ii) the type of audit opinion that might be rendered on the Company's financial statements; or

 

(iii) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event, as described in Item 304(a)(1)(v) of Regulation S-K.

 

(d) Exhibits

 

Exhibit 16.1

Letter from Fruci & Associates II, PLLC not filed herewith. The Company has requested the letter but has not received it as of the due of this filing. To be filed by amendment.

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BARREL ENERGY INC.

 

 

 

 

 

Date: May 5, 2026

By:

/s/ Jarmin Kaltsas

 

 

Name:

Jarmin Kaltsas

 

 

Title:

CEO

 

 

 
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FAQ

Why did Barrel Energy Inc. (BRLL) file this 8-K report?

Barrel Energy filed this 8-K to disclose a change in its independent registered public accounting firm. The company dismissed Fruci & Associates II, PLLC and engaged Shah Teelani & Associates Chartered Accountants to audit its 2025 financial statements tied to a previously filed Form 10.

Which audit firm did Barrel Energy Inc. (BRLL) dismiss?

Barrel Energy dismissed Fruci & Associates II, PLLC as its independent registered public accounting firm on April 28, 2026. Fruci & Associates had audited the company’s 2023 and 2024 financial statements and reviewed financials for the nine-month period ended September 30, 2025.

Who is the new independent auditor for Barrel Energy Inc. (BRLL)?

Barrel Energy engaged Shah Teelani & Associates Chartered Accountants on April 21, 2026 as its new independent registered public accounting firm. The firm will audit the company’s financial statements for the year ended December 31, 2025, required in connection with Barrel Energy’s previously filed Form 10.

Did Barrel Energy Inc. (BRLL) report any disagreements with its former auditor?

Barrel Energy reported no disagreements with Fruci & Associates II, PLLC on accounting principles, financial statement disclosure, or audit scope. The company also stated there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the relevant periods.

What prior work did Fruci & Associates perform for Barrel Energy Inc. (BRLL)?

Fruci & Associates II, PLLC audited Barrel Energy’s financial statements for fiscal years 2023 and 2024. The firm also reviewed financial statements for the nine-month period from January 1, 2025 through September 30, 2025, in connection with the company’s previously filed Form 10 registration.

What engagement period does the new auditor cover for Barrel Energy Inc. (BRLL)?

Shah Teelani & Associates Chartered Accountants has been engaged to audit Barrel Energy’s financial statements for the fiscal year ended December 31, 2025. These audited statements are required in connection with the company’s Form 10 filed on February 23, 2026 with the Securities and Exchange Commission.

Filing Exhibits & Attachments

5 documents