The board in its meeting held on August 01, 2025 has appointed M/s HPVS & Associates, Chartered Accountants (FRN: 137533W) as the Statutory Auditor of the company subject to approval of ....
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Enbee Trade & Finance Ltd held a board meeting on August 1, 2025 where multiple decisions were taken. Independent Director RakeshKumar Dinesh Mishra resigned effective July 28, 2025. The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). M/s HPVS & Associates has been appointed as the new Statutory Auditor, replacing M/s Ambavat Jain & Associates LLP whose 5-year term ended; the outgoing auditors raised no concerns. Additionally, M/s Feni Shah & Associates was appointed as Secretarial Auditor for FY 2024-25. The board also acknowledged the company's strategic entry into the two-wheeler loan segment under automotive finance.
Routine board actions with no governance red flags — auditor change is due to completion of a natural 5-year term, not any dispute. The entry into two-wheeler financing marks a potential new growth avenue, but shareholders should watch how this segment contributes to future earnings.