Ms. Rinku Saini is appointed as a Non-Executive Independent Director w.e.f 01.08.2025.
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Covidh Technologies' board, at its meeting on 1 August 2025, appointed Ms. Rinku Saini as a Non-Executive Independent Director (DIN: 11059678), subject to shareholder approval at the upcoming 33rd AGM on 26 August 2025. The board also noted the resignation of statutory auditor M/s. V Ravi & Co. (FRN: 0006492S) effective the same day, citing pre-occupation, and recommended M/s. G M K S & Co. (FRN: 139767W) to fill the casual vacancy. The company reported a Q1 FY26 standalone loss of ₹1.54 lakh versus a profit of ₹22.80 lakh in Q1 FY25, with total revenue at nil. Additionally, the registered office is being shifted from Hyderabad to Pune, the RTA is changing from Aarthi Consultants to Skyline Financial Services, and all board committees have been reconstituted with the new director.
The auditor resignation mid-tenure and the sharp swing to a loss in Q1 FY26 are negative signals. The board-level reshuffle and office shift add uncertainty but are routine corporate housekeeping pending shareholder approval.