We hereby inform that M/s. B.M. Gattani & Co., Chartered Accountants is appointed as Statutory Auditor to fill in the casual vacancy caused by M/s. Harsh Jain & Associates
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On December 16, 2025, the board of Hem Holdings & Trading approved four key changes. M/s. B.M. Gattani & Co. has been recommended as the new Statutory Auditor for a 5-year term, filling a casual vacancy caused by the previous auditor M/s. Harsh Jain & Associates, subject to shareholder approval within 3 months. M/s. Ajay Suresh Yadav & Associates has been recommended as Secretarial Auditor for 5 years, and Mr. Akash Somaram Prajapati has been appointed as Internal Auditor for FY 2025-26. Additionally, Mr. Ravi Manoharlal Kharwad (DIN: 02079606) has been recommended as the new Managing Director for a 5-year term, subject to shareholder approval.
The sudden mid-term exit of the previous statutory auditor is a governance concern that shareholders should monitor, while the simultaneous overhaul of auditors and leadership suggests a significant restructuring. Retail investors should watch for the shareholder meeting outcome and assess the limited management experience (5 years) of the newly appointed Managing Director before drawing conclusions.