Appointment of Statutory Auditor.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved the Director's Report for FY ending March 31, 2025. M/s. Ashish Bhoola & Co., Chartered Accountants (FRN: 120609W) has been appointed as the new Statutory Auditor for a 5-year term until the 2030 AGM, replacing M/s. Soni Jhawar & Co. whose term is expiring at the upcoming AGM. Two new Non-Executive Independent Directors were appointed: Mr. Hiren Hasmukh Shah (Company Secretary with 9+ years experience) and Mrs. Nishtha Harivanshi Pamnani (MBA Finance, 8+ years in corporate governance), both for 5-year terms. Mr. Haribhai Becharbhai Malvia (over 75 years of age, associated with the company for 24 years) has been proposed as a Non-Executive Non-Independent Director from July 1, 2025, subject to special shareholder approval under SEBI Regulation 17(1A). Mr. Harsukhbhai Mohanbhai Gondalia resigned as Non-Executive-Non-Independent Director effective May 29, 2025 citing pre-occupation and personal commitments. The 42nd AGM is scheduled for June 28, 2025 via video conference.
These are largely routine governance changes. The auditor switch is a normal rotation at end of term rather than a sudden resignation, and the director departure is attributed to personal reasons. Shareholders should note that appointment of Mr. Malvia (over 75) requires their special approval at the AGM, and the new auditor appointment also needs member ratification.