Announced Tue, 14 Jul · 13:31 IST

Board approves new auditors, two directors, EGM on 5 Aug and asset monetisation

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Board approved S Parth and Company as statutory auditor (pending shareholder approval at EGM on 5 August 2026), CS Krupa Romil Shah as secretarial auditor for three years, and Nisarg Shah as internal auditor. Also appointed Jansi Patel as Executive Director and Gunjan Leuva as Independent Woman Director for five year terms. Plans to monetise or dispose non-core and non-income generating assets. Changed registrar from Beetal to Accurate Securities and opened a new corporate office in Ahmedabad.

Likely market impact

New audit team and additional directors strengthen governance setup. Asset monetisation plan aims to unlock value from idle holdings. Key items need shareholder nod at 5 August EGM.