Board appoints new auditors and independent directors, proposes office shift
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Board met on 14 July 2026 and approved several changes: appointed Mr Kamal Lalani as Secretarial Auditor for FY26-27; removed M/s Dharmesh A. Shah and Associates as Internal Auditors and appointed M/s ABSM & Associates in their place for FY26-27. Two new Non-Executive Independent Directors appointed: Mr Ramanathan Ganesh and Mr Subhash Ambubhai Patel. Noted end of term of Mr Ashwinkumar Raval as Independent Director from 27 June 2026. Approved proposal to shift registered office from Maharashtra to Gujarat, subject to shareholder approval. Also took a working capital loan of INR 33.60 lakhs from Bank of Maharashtra, reduced director remuneration and reconstituted board committees.
Multiple governance changes including new auditors, two independent directors and a registered office shift to Gujarat; small INR 33.60 lakh loan and director pay cut.