Outcome of the Board Meeting held on 22nd November, 2025
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Chandrima Mercantiles held a board meeting on 22 November 2025 that lasted from 11:30 AM to 12:55 PM. The board recommended appointing M/s. M A A K & Associates (FRN: 135024W), an Ahmedabad-based chartered accountancy firm, as the new statutory auditor for FY 2025-26 to fill a casual vacancy caused by the previous auditor's resignation, subject to shareholder approval at an upcoming EGM. In a major leadership reshuffle, Mr. Dinesh Hareshbhai Gohel was moved from Managing Director to Non-Executive Director and also resigned as CFO, citing pre-occupation elsewhere. Mr. Chiragkumar Kiranbhai Prajapati (DIN: 11385719) was appointed as the new Managing Director and CFO with effect from the same date.
The simultaneous change of auditor and top management could create short-term uncertainty, but the consolidation of MD and CFO roles in one person may streamline decision-making. Shareholders should watch the upcoming EGM for the auditor appointment vote and monitor how smoothly the new leadership transition goes.