Appointment of Secretarial Auditor for the term of 05 Consecutive years. Kindly take the same on your record. Thank you.
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Jay Kailash Namkeen Ltd's board met on September 2, 2025 and approved multiple items. CEO Mr. Rituraj Singh Solanki resigned effective the same day. M/s K.P. Ghelani & Associates was appointed as Secretarial Auditor for 5 years (FY26-FY30), and M/s K.P. Parekh & Co. was re-appointed as Statutory Auditor for another 5-year term. Authorized share capital was increased from Rs. 5 crore to Rs. 12.5 crore. Mr. Hasmukhrai Bhagdev was regularized as Non-Executive Director, and Mr. Raghuraj Rupareliya was appointed as an Additional Non-Executive Independent Director effective September 30, 2025. The board also authorized the sale of the existing factory at Kuvadava Road and the lease of a new factory at R.K. Industrial Zone-2, signalling a manufacturing unit relocation. The 4th AGM is scheduled for September 29, 2025.
Shareholders should note the sudden CEO exit and the planned factory relocation, which could signal operational restructuring. The 2.5x increase in authorized share capital hints at a possible future fundraising or expansion. CEO succession is unclear and may be a concern in the short term.