Nivaka Fashions AGM: New Auditor and ID Appointed, MD Re-appointed

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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

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AI summary

At the 43rd AGM on September 28, 2026, Nivaka Fashions shareholders approved appointment of Maark and Associates as Statutory Auditors for 5 years, Ms. Neha Poddar as Secretarial Auditor, and Mrs. Meenakshi Saini as Independent Director. Mr. Bhavin Jain was re-appointed as Chairman and MD. Mr. Dinesh Shah stepped down as Independent Director after completing two terms. The previous auditor ADV and Associates ended tenure at AGM conclusion.

Likely market impact

Routine AGM governance changes including auditor rotation and board refreshment. No material impact on operations expected.