Outcome Of Board Meeting Held On Monday,29th September, 2025.
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The Board of Directors of Bharatam Ventures Limited (formerly Pet Plastics Ltd) held a meeting on 29th September, 2025 and approved several items. The key item is the appointment of M/s. N K Mittal & Associates, Chartered Accountants (FRN 113281W), as the new Statutory Auditor for FY 2025-26, to fill a casual vacancy caused by the resignation of the previous auditor, M/s. Maheshwari & Co. The appointment is subject to shareholder approval at an upcoming Extraordinary General Meeting (EOGM). The Board also approved the appointment of a scrutinizer for the EOGM, the notice convening the EOGM, closure of the Register of Members and Share Transfer Books, and the cut-off date for e-voting eligibility.
The mid-term change of statutory auditors is noteworthy for shareholders, as it may raise governance questions. However, the smooth appointment of a replacement (a peer-review certified Mumbai-based firm) and the convening of an EOGM to ratify the change suggest compliance with the required process. Shareholders should monitor the EOGM outcome.