AGM 2026: new statutory auditor, independent director appointed, MD re-appointed

Management Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.0% vs market

Trading - Textile Products peers, median of 6sector+0.2%-0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts less than its Trading - Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Trading - Textile Products peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

At the 43rd AGM on September 28, 2026, shareholders approved: Maark and Associates as new Statutory Auditors for 5 years, replacing ADV and Associates whose term ended. Also approved Ms. Neha Poddar as Secretarial Auditor, Mrs. Meenakshi Saini as Independent Director, and re-appointment of Mr. Bhavin Jain as Chairman and Managing Director. Mr. Dinesh Shah ceased as Independent Director on September 29, 2026 after completing his second consecutive term.

Likely market impact

Routine governance changes at AGM. Auditor change is due to term completion, not resignation. No material impact expected on shareholders or stock price.