Company inform you that appointment of Ms. Meghanaben Chiragbhai Patel as a CFO of the Company
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The company announced multiple major changes from its 22 August 2025 board meeting. Secretarial Auditor Kala Agarwal resigned effective the same day, citing 'change in management and promoters of the company' as the reason. M/s B.S. Vyas & Associates (Ahmedabad) was appointed as the new Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), subject to shareholder approval. Ms. Meghanaben Chiragbhai Patel was appointed as the new CFO and Key Managerial Personnel w.e.f. 22 August 2025, bringing 5+ years of experience in finance, strategy, and M&A. The Board also approved a major change in the Object Clause of the Memorandum of Association to pivot the business toward agriculture products, edible oils, food products, commodities, processing, warehousing, and import/export. Additionally, the registered office will shift from Goregaon East (Mumbai) to Wanawadi (Pune). The 37th AGM is scheduled for 20 September 2025.
Shareholders should note that the auditor's resignation explicitly references a change in promoters and management, suggesting a possible change in control of the company. Combined with the wholesale shift in business objects toward agri-commodities and food products, this signals a major strategic transformation that requires shareholder approval at the upcoming AGM on 20 September 2025.