Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that meeting of the Board of Directors of the Company, in their ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chandrima Mercantiles' board, meeting on 22 November 2025, approved a major leadership reshuffle and appointed a new statutory auditor. Mr. Dinesh Hareshbhai Gohel stepped down as Managing Director and Chief Financial Officer (citing pre-occupation elsewhere) and moved to a Non-Executive Director role. Mr. Chiragkumar Kiranbhai Prajapati was appointed as the new Managing Director and CFO, taking on both top roles. The board also recommended appointing M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W), as the new statutory auditor for FY 2025-26 to fill a casual vacancy caused by the resignation of the previous auditor, pending shareholder approval at an upcoming EGM.
Investors should note a complete change in top leadership with one person now holding both MD and CFO positions, which may raise governance concerns about segregation of duties. The auditor change suggests a disruption in the audit relationship, though the new firm brings experience from Deloitte and bank audit work. Shareholder approval will be sought at an EGM.