Outcome of the Board meeting held today i.e. August 28, 2025
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The Board of Jhaveri Credits & Capital Ltd met on August 28, 2025 and recorded the resignation of its statutory auditor KDN & Associates LLP, which had been already disclosed to the stock exchange on August 21, 2025. To fill the casual vacancy, the Board, on the Audit Committee's recommendation, approved the appointment of M/s. B. K. Patel & Co., Chartered Accountants (Firm Registration No. 112647W), to hold office until the conclusion of the upcoming 31st Annual General Meeting. The Board has also recommended B. K. Patel & Co. as statutory auditors for a full 5-year term, from the end of the 31st AGM to the end of the 36th AGM, subject to shareholder approval. The 31st AGM has been scheduled for Tuesday, September 23, 2025, at 12:30 pm via video conferencing. B. K. Patel & Co. is a firm established in 1980 with over 45 years of experience in audit, taxation, accounting, and corporate law services.
Shareholders should note a mid-term change in statutory auditor from KDN & Associates LLP to B. K. Patel & Co., which is a governance event to watch; however, the replacement is a long-established firm and the change requires shareholder approval at the September 23, 2025 AGM.