Outcome of Board Meeting held on Wednesday 08th October, 2025
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Bharat Global Developers Ltd's board met on October 8, 2025 and approved several key changes. M/s. R B Gohil & Co (FRN: 119360W) has been appointed as the new Statutory Auditor to fill the vacancy left after the previous auditor, M/s. Sunit M Chhatbar & Co, was not appointed at the AGM on September 30, 2025. Existing Executive Director Mr. Keyurkumar Pravinbhai Patel has been elevated to Managing Director for a 5-year term. The board also appointed Mr. Dharmesh Solanki as Additional Non-Executive, Non-Independent Director, and Mr. Tahir Mustufa Masalawala as Additional Executive Director. A Postal Ballot Notice was approved to seek shareholder approval for these appointments, with Mr. Himanshu Togadiya named as Scrutinizer for the process.
Shareholders will soon receive a postal ballot to vote on these governance changes. The auditor change is particularly worth noting as it stems from the previous auditor failing to get appointed at the AGM, and the simultaneous reshuffle of top management roles may signal a new strategic direction for the small-cap company.