Re-Appointment of M/s Manoj Kumar S. Patel & Associates, Chartered Accounts as Internal Auditor and Re-appointment of M/s. Mehta & Mehta, Practising Company Secretaries as Secretarial Auditor.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ind Agiv Commerce Ltd's board, at its meeting on July 12, 2025, approved several routine and governance matters. It re-appointed M/s. Mehta & Mehta as Secretarial Auditor for a five-year term and M/s. Manoj Kumar S. Patel & Associates as Internal Auditor for FY 2025-26. The board approved the Secretarial Audit Report for FY ending March 31, 2025 and authorised directors to issue the Directors' Report. The 39th Annual General Meeting was scheduled for August 11, 2025, to be held via video conferencing, with the book closure from August 4–11, 2025 and e-voting from August 8–10, 2025. The board also approved ratifying earlier special resolutions that converted credit balances of certain directors and two related entities (M/s. AD Techno Japan INC and M/s. Sow Japan Company Limited) into equity shares, alongside a preferential equity issue to promoter and non-promoter groups.
The auditor re-appointments are routine and unlikely to move the stock. The preferential allotment to promoter and non-promoter groups and conversion of related-party credit balances into equity could lead to equity dilution, which shareholders should review carefully.