outcome of bm
Awaiting price reaction for this filing.
The Board of Directors held a meeting on 21st November 2025 and approved several items for shareholder approval at the upcoming 14th AGM on 15th December 2025. Key decisions include appointing M/s D R B S V and Associates, Pune, as new Statutory Auditors for a 5-year term (until 2030 AGM), replacing the outgoing auditor at a higher fee justified by the company's expanded operations. The Board also approved re-appointment of Mrs. Rajashri Pradeep Khandagale (Non-Executive Director) by rotation, and formalised the appointment of Mr. Pradeep Khandagale as Whole-Time Director and KMP for 5 years effective 26 May 2025. Three new Independent Directors — Mr. Nilesh Tiwari, Mr. Mehul Ranade, and Mrs. Renuka Borole — are being regularised for 5-year terms. CS Satish Kolhe was appointed as Secretarial Auditor and Scrutinizer. The AGM notice also seeks approval to consolidate 3.2 crore equity shares of Rs. 10 each into 32 lakh shares of Rs. 100 each, per an NCLT Ahmedabad order dated 11 December 2024.
For shareholders: routine governance items - auditor change at higher fee, director appointments, and a 10:1 share consolidation that reduces outstanding share count without changing overall capital. Existing shareholders should review the share consolidation carefully as it changes the number of shares held though proportionate value remains the same.