Annual Report FY26: auditor change, related party deals, pay hikes for MD and ED

Auditor Mid Year ChangeRelated Party TransactionsResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.1%Reaction day

₹4.19

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-3.5% vs market

Non Banking Financial Company (NBFC) peers, median of 225sector-0.2%-3.9% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-4.1-0.6-3.5-0.2-3.9

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-4.5+0.0-4.6+0.0-4.5

+0.2+0.7-0.5+0.1+0.1

+5.3+1.1+4.1-0.3+5.6

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+27.7+1.4+26.3-1.0+28.7

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+25.5+0.4+25.1-2.2+27.8

+16.0-1.4+17.4-3.0+19.0

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 225Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

36th Annual Report for FY26 filed; AGM on 29 Sept 2026 via video call. Notice flags mid-year auditor change - J. Singh and Associates resigned 21 Jan 2026, Shweta Jain and Co LLP took over 3 Feb 2026, now proposed for 5-year re-appointment. MD Pramod Gadiya to be re-appointed for 5 years from Aug 2027. Pay hikes proposed: MD to Rs 1.5 lakh per month and ED/CFO Vandana Gadiya to Rs 1 lakh per month from 1 April 2026. Two related party commissions sought - Rs 1 lakh per month to son Punit Gadiya and Rs 2 lakh per month to daughter Bhumi Gadiya.

Likely market impact

Watch governance closely: mid-year auditor switch, promoter pay hikes, and commissions paid to MD's children as related party transactions need shareholder approval.