Please find attached outcome of the Board Meeting
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Atharv Enterprises' board approved re-appointment of five directors: Mr. Jagdish Chandra Gadiya (Non-Executive, retiring by rotation), Ms. Vandana Pramod Gadiya (Executive Director), and three Independent Directors (Mr. Harish Sharma, Mr. Navneet Sharma, Mr. Nikhil Kumar Tank). The board approved increasing the company's borrowing limit to up to Rs. 50 crore, subject to shareholder approval via special resolution at the upcoming AGM. Remuneration of Managing Director Mr. Pramod Kumar Gadiya and Executive Director Ms. Vandana Pramod Gadiya was revised, pending member approval. M/s. Nidhi Bajaj & Associates was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), and M/s. B.B. Gagrani & Co. as Internal Auditor for FY 2025-26. The board also approved the Board's Report for FY 2024-25 and fixed the date, venue and book closure for the 35th AGM.
The Rs. 50 crore borrowing limit hike signals plans for higher debt or expansion, requiring shareholder nod at the AGM. Remuneration revisions for the Gadiya family (promoters holding MD and ED positions) will be closely watched by minority shareholders. Overall, this is largely routine annual governance housekeeping.