Gist of the Proceeding of the Extra-ordinary General Meeting (''EGM'') of Quality Ro Industries Limited on Wednesday April 08, 2026.
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Quality RO Industries Ltd held an EGM on April 8, 2026, where three ordinary business items were considered. The key item was the appointment of M/s Panchal SK & Associates as the new statutory auditors, replacing M/s Doshi Doshi & Co. who resigned, creating a casual vacancy. Additionally, shareholders approved two resolutions authorizing the Board to grant loans, provide guarantees, and make investments under Sections 185 and 186 of the Companies Act, 2013. Voting was conducted via polling papers as the company is listed on BSE SME platform and is exempted from e-voting requirements. The meeting was attended by directors, KMP, and shareholders with quorum confirmed, lasting 45 minutes.
The change in auditors from Doshi Doshi & Co. to Panchal SK & Associates may indicate a shift in audit relationship, though this is routine. The approval for loans and investments under Sections 185 and 186 gives the Board greater flexibility in financial arrangements, potentially including transactions with related parties, which shareholders should monitor for any future disclosures.