appointment of secretarial auditor
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Awaiting price reaction for this filing.
The board of Balgopal Commercial Ltd met on September 3, 2025 and approved several items. Mrs. Twinkle Agarwal, a Practicing Company Secretary, was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval. Mr. Vijay Laltaprsad Yadav, the promoter of the company, was re-appointed as Managing Director for another five years from November 6, 2025 to November 5, 2030; he holds no equity shares and has over 20 years of experience in construction, real estate, and trading. The board approved the Board's Report, Corporate Governance Report, and Management Discussion & Analysis for FY 2024-25, along with the notice for the 43rd AGM scheduled for September 27, 2025. Notably, the board decided not to proceed with the proposed appointment of M/S S. Dalmia & Co. as Internal Auditor and said a new internal auditor would be informed to the exchange later. Remuneration for Non-Executive Director Mr. Navaneet Lal Damani was also approved, subject to shareholder approval.
These are largely routine governance and compliance matters providing leadership continuity with the promoter MD being re-appointed. The decision to drop the proposed internal auditor without naming a replacement could be a minor governance flag for investors to watch.