Pursuant to Regulation 30 of the SEBI (LODR) Regulation, we are attaching herewith the Postal Ballot Notice for appointment of statutory auditors M/S NNK & Co. to fill the casual vacany ....
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Rapid Investments Limited has issued a Postal Ballot Notice seeking shareholder approval to appoint M/s. NNK & Co., Chartered Accountants (FRN: 143291W) as the new Statutory Auditor. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s. Valawat & Associates, who stepped down citing the management's refusal to revise their professional fees. NNK & Co., a Mumbai-based firm led by CA Nikita Lalwani with over 10 years of experience, will serve until the next AGM in calendar year 2026 at a remuneration of Rs. 60,000 per annum plus certification and tax audit fees (excluding GST). E-voting will run from October 6, 2025 to November 4, 2025, with results expected by November 6, 2025. The Managing Director Nina Ranka signed the notice.
This is a routine governance transition with no material impact on shareholders, though the fee dispute with the previous auditor may raise minor governance questions. The new auditor's appointment is fairly standard and the low audit fee suggests this remains a small-cap company with limited operations.