We are inform you that Company receive resignation letter from PCS Kala Agarwal, Secretarial Auditor of the Company dated 22nd August 2025 with immediate effect
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Awaiting price reaction for this filing.
At a board meeting on 22 August 2025, Jattashankar Industries accepted the immediate resignation of PCS Kala Agarwal as Secretarial Auditor and appointed M/s B.S. Vyas & Associates (Ahmedabad) as the new Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30), subject to shareholder approval. In a separate major move, the board approved adding a new line of business to the company's objects — trading, manufacturing, processing, import/export of agriculture products, edible oils, food products and commodities — signalling a possible pivot away from the existing textile business. The board also approved shifting the registered office from Goregaon East (Mumbai) to Wanawadi (Pune) and appointed Ms. Meghanaben Chiragbhai Patel as the new Chief Financial Officer (CFO & KMP), effective 22 August 2025. The outgoing auditor's resignation letter explicitly cites a 'change in management and promoters' and the new management's preference for a different secretarial auditor, indicating an ownership or control transition. The 37th Annual General Meeting is scheduled for 20 September 2025 via video conferencing.
Multiple material changes happening at once — likely a change-of-control or restructuring event. Shareholders should watch the AGM closely as it will vote on the new secretarial auditor, the registered office shift, and the major change in business objects, which could redefine the company's future direction.