Outcome of Board Meeting held at shoter notice on 15 May, 2026
Awaiting price reaction for this filing.
SJ Corporation Ltd's board met at shorter notice on May 15, 2026 and approved two key items. First, it accepted the resignation of K. Prashant & Co as the company's Secretarial Auditor effective May 12, 2026, citing 'unavoidable professional commitments and time constraints.' Second, it appointed M/s. Pooja Gala & Associates (ACS No. 69393) as the new Secretarial Auditor for FY 2025-26, to hold office until the conclusion of the next AGM. The new auditor is an ICSI Associate member and B.Com graduate with ~3 years of practice experience in company law, SEBI/NBFC compliances, and capital markets, and is a peer review member of ICSI. The meeting lasted 30 minutes (2:30 PM to 3:00 PM).
The resignation and replacement of the Secretarial Auditor is a routine compliance matter but warrants monitoring — the brevity of the resignation reason and the relatively short tenure of the incoming auditor (started practice 2022) could raise minor governance concerns for investors.