Announcement under Regulation 30 (LODR) - General Announcement
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The board met on 28th July 2025 and approved three key items. First, it recommended appointing M/s. Sunit M Chhatbar & Co., Chartered Accountants (Rajkot) as the new statutory auditor to fill a casual vacancy caused by the resignation of the previous auditor, for the five-year term FY2025-26 to FY2029-30, pending shareholder approval. Second, the company plans to shift its registered office from Mumbai, Maharashtra to Rajkot, Gujarat, which also needs shareholder approval. Third, the board approved the notice and documents for the 88th Annual General Meeting, scheduled for 19th August 2025 via video conferencing.
The auditor change signals that the prior auditor stepped down mid-term, which retail investors should monitor for any underlying governance concerns. The registered office shift from Mumbai to Rajkot is a notable relocation that may reflect operational restructuring. Both items are subject to shareholder approval at the upcoming AGM on 19th August 2025.