Outcome of Board Meeting held on September 3, 2025
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The board of PDP Shipping & Projects approved the re-appointment of M/s Bilimoria Mehta & Co. as Statutory Auditor for a second term of 5 years, from the conclusion of the 16th AGM (September 29, 2025) until the 21st AGM in 2030. The board also approved the re-appointment of Mrs. Shalini Abhiuday Verma as Whole-time Director, who is retiring by rotation — she is the wife of Managing Director Animesh Kumar. Additionally, the Directors' Report for FY ending March 31, 2025 was approved, and the 16th AGM was scheduled for September 29, 2025. Notably, the filing discloses that the previous auditor, M/s MASD & Co., had resigned in November 2024 due to non-renewal of its peer review certificate, creating a casual vacancy that Bilimoria Mehta & Co. was brought in to fill.
Routine AGM and governance items with no material business impact. Shareholders should note the prior mid-term auditor resignation due to a peer review lapse, though continuity is being maintained with a new auditor that holds a valid peer review certificate until June 2027.