Please find the attached Outcome of Board Meeting
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The board approved the appointment of M/s. Maheshwari & Co. as the new Statutory Auditor for 5 years (until AGM of FY 2029-30), replacing the retiring auditor DBS & Associates upon completion of their term. Mr. Sunil Kumar Mundra was appointed as Internal Auditor for FY 2025-26. The board also approved increasing the Authorised Share Capital from Rs. 15 crore to Rs. 25 crore. The 33rd Annual General Meeting has been scheduled for 30th September 2025 via video conferencing. The meeting lasted 30 minutes, from 8:00 PM to 8:30 PM.
Routine auditor rotation after term completion is a normal governance practice and should not concern shareholders. The proposed increase in authorised share capital (from Rs. 15 Cr to Rs. 25 Cr) signals potential plans for future fundraising or equity issuance, subject to shareholder approval at the upcoming AGM.