AGM approves new auditor, 2 independent directors, preferential issue
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At the 8th AGM on Sept 18, 2026, shareholders approved M/s A S Bhutani and Associates as statutory auditors (replacing M/s Kapil Sandeep and Associates who resigned, filling the casual vacancy) for a 5-year term till 2030-31. Also approved Mr. Sourabh Parnami and Mr. Arvinder Singh Kohli as Independent Directors for 5 years each. Preferential issue approved: up to 2.32 crore convertible warrants and 8 lakh equity shares at Rs 12.50 per share to non-promoter category allottees.
Mid-term auditor change after prior resignation; preferential issue to non-promoters at Rs 12.50 may dilute existing shareholder holdings.