Announcement as per under Regulations 30 for Appointment of Statutory Auditor. Kindly take the same on your record. Thank you.
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Awaiting price reaction for this filing.
Jay Kailash Namkeen's board approved multiple decisions on September 2, 2025. Key items include: (1) resignation of CEO Rituraj Singh Solanki with effect from the same day, with no replacement announced; (2) approval to sell the existing factory at Kuvadava Road, Rajkot and lease a new factory at R.K. Industrial Zone-2, signalling a manufacturing unit relocation; (3) increase in authorised share capital from Rs 5 crore to Rs 12.5 crore (a 150% hike), which may precede a fundraising; (4) re-appointment of M/s. K.P. Parekh & Co. as statutory auditor for a fresh 5-year term (FY26–FY30); (5) appointment of M/s K.P. Ghelani & Associates as secretarial auditor for 5 years; (6) regularisation of Mr. Hasmukhrai Bhagdev as Non-Executive Director and appointment of Mr. Raghuraj Rupareliya as Additional Non-Executive Independent Director; and (7) approval of FY25 annual accounts and Board Report. The 4th AGM is fixed for September 29, 2025.
The sudden CEO exit without an immediate replacement, combined with a factory sale-and-lease move and a sharp jump in authorised capital, points to a significant restructuring phase. Shareholders should watch for clarity on the new CEO, the cost impact of the factory shift, and whether the higher authorised capital is used to raise fresh funds, all of which could materially affect the stock and business outlook.