Outcome of Board Meeting for Meeting held on 18th August, 2025
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The Board approved the Director's Report for the financial year ended 31st March 2025. It appointed M/s Kailash Chand Jain & Co. as Statutory Auditors and M/s Dilip Swarnkar & Associates as Secretarial Auditors, both for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The Board approved a revision in the remuneration of Mr. Hitesh Chunilal Shah, Chairman and Managing Director, by adding a commission component, which also requires shareholder nod. The 3rd Annual General Meeting has been scheduled for Saturday, 9th September 2025 at 3:00 PM at Hotel Tiptop Plaza, Thane West, Mumbai. M/s Dilip Swarnkar & Associates was also appointed as the Scrutinizer for the AGM voting process.
These are largely routine pre-AGM governance items. Shareholders should watch the proposed increase in the CMD's remuneration (now including commission) and the ratification of new statutory and secretarial auditors at the upcoming AGM, as both need shareholder approval.