1.Re-appointment of M/s. B. A. Bedawala & Co, Chartered Accountants, Ahmedabad as Statutory Auditor of Company for 4 years 2.Re-appointment of Mr. Rajiv Govindram Agrawal as whole time ....
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Mahip Industries' board met on 30 August 2025 and approved several key items. Statutory Auditor M/s. B. A. Bedawala & Co was re-appointed for 4 years (till the 2029 AGM). Mr. Rajiv Govindram Agrawal was re-appointed as Whole Time Director for 5 years, and Mr. Ronakbhai Amratbhai Patel joined as an Additional Non-Executive Director. Independent Director Mr. Omkar Patel resigned effective the same day. The board also appointed M/s Shalini Pandey & Associates as Secretarial Auditor for FY 2025-26, approved an increase in overall managerial remuneration (including for Mr. Agrawal beyond 5% of net profits), and reconstituted the Audit, Nomination & Remuneration, and Stakeholders' Relationship committees. The 30th AGM is set for 23 September 2025, with the register of members closed from 17 to 23 September.
Mostly routine governance housekeeping with no major red flags. Shareholders should watch the proposed hike in managerial remuneration, which will require their approval at the upcoming AGM. The resignation of an Independent Director and reconstitution of board committees warrant a routine governance check rather than immediate concern.