Outcome of Meeting of the Board of Directors held on today i.e. Saturday, 06th September, 2025
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The board of Diggi Multitrade approved several proposals, all of which need shareholder approval at the upcoming 15th Annual General Meeting (AGM) on 30th September 2025. These include raising the limit for Related Party Transactions, investments/loans/guarantees under Section 186, and borrowing powers under Section 180(1)(c) — each capped at Rs. 100 crore. The board also approved changing the company's Statutory Auditor, replacing M/s S.K. Jha (whose term is ending) with M/s A K Chanderia and Company, a peer-reviewed firm based in Ahmedabad, for a 5-year term. The board adopted the Directors' Report, Management Discussion & Analysis, and Corporate Governance Report for FY 2024-25, noted the Secretarial Audit Report (along with qualifications and clarifications), and fixed book closure from 24th to 30th September 2025.
Shareholders should review the auditor change and the proposed Rs. 100 crore limits on borrowings, related party deals, and investments before voting at the AGM on 30th September 2025. The large jump in proposed limits may signal upcoming expansion or transactions, but also expands the scope for related-party dealings, warranting close scrutiny.