Appointment of M/s. Shweta Jain & Co. LLP Chartered Accountants, (FRN: 127673W) as Statutory Auditor of the Company.
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Bizotic Commercial Ltd held a board meeting on 19 February 2026 with two key decisions. First, the board approved appointing M/s. Shweta Jain & Co. LLP Chartered Accountants (FRN: 127673W) as the new Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor M/s J Singh & Associates on 19 December 2025. The new auditor will hold office from 19 February 2026 until the next AGM and will audit the financials for FY ending 31 March 2026. Shareholder approval will be sought at an EGM on 14 March 2026. Second, the board noted the resignation of Ms. Inderpreet Kaur Gulati (DIN: 09213754) as both Chief Financial Officer and Executive Director, effective 13 February 2026, citing personal reasons and pursuit of other professional opportunities.
Shareholders should note two governance changes happening in quick succession: the company lost its auditor mid-term in December 2025 and now its CFO/Executive Director in February 2026. While the stated reasons are personal, combined back-to-back exits at the auditor and key managerial level may raise governance concerns and could affect investor confidence in the stock.