Re-appointment of Mr. Hiren Ghelani, Change in designation of Ms. Khyati Shah and Appointment of Secretarial Auditor.
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Prime Fresh Limited's shareholders at the AGM held on 26 September 2025 approved three key items: (1) Re-appointment of Mr. Hiren Chandrakant Ghelani (DIN: 02212587) as Whole-time Director, who retires by rotation, (2) Regularisation of Ms. Khyati Bhavya Shah (DIN: 09430457) as Non-executive Independent Director, and (3) Appointment of M/s. Umesh Ved & Associates, Company Secretaries, Ahmedabad as Secretarial Auditor for a 5-year term starting FY 2025-26. Ms. Khyati Shah holds a B.Com, ACS, and LLB qualification, is proficient in Corporate & Allied Laws, and cleared the IICA Independent Director exam in 2021. The re-appointment of Mr. Ghelani, who is the company's Managing Director and CFO, was done via the rotation process at the AGM.
Routine re-appointment of the existing WTD/MD and appointment of a 5-year secretarial auditor are standard governance items. However, Ms. Khyati Shah is related to Mr. Hiren Ghelani (MD/CFO) and Mrs. Neha Hiren Ghelani (former Whole-time Director who resigned on 20.01.2025), which raises a governance flag about a promoter/family-connected individual being appointed as an Independent Director.