Auditor, MD and CFO resign; company pivots to renewable energy

On July 15, 2026 the board noted major exits: statutory auditor DD Shah Patel & Co resigned due to capacity constraints, Managing Director Hemantbhai Raval stepped down for other commitments, and Director and CFO Akash Parmar quit for personal reasons. J M Patel & Bros is appointed as new auditor for 5 years from FY2026-27 to 2030-31. Ravikumar Patel takes over as Managing Director for 3 years and Purvikkumar Patel joins as Executive Director and CFO. The company also altered its Objects clause to shift from chemicals into renewable energy, bio-gas, CBG and clean fuels. AGM is set for August 10, 2026.