AGM outcome: New auditor, 2 independent directors, preferential issue approved
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8th AGM on Sept 18, 2026 approved: (1) M/s A S Bhutani and Associates as new statutory auditor for 5 years (till 2030-31), replacing M/s Kapil Sandeep and Associates who resigned, causing casual vacancy. (2) Mr. Sourabh Parnami and Mr. Arvinder Singh Kohli appointed as Independent Directors for 5 years each. (3) Preferential issue of up to 2.32 crore warrants at Rs 12.50 per share to 14 non-promoter allottees. (4) 8 lakh equity shares at Rs 12.50 to Atharva Professional Consultants LLP.
New auditor after prior one resigned. Two independent directors added. Preferential issue to non-promoters at Rs 12.50 will dilute existing equity.