The Board of Directors of Riddhi Corporate Services Limited, in their meeting held on tuesday on 22th April 2025 which was commenced at 05.00 P.M and concluded at 06.00 P.M at the Registered ....
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Riddhi Corporate Services Ltd held a board meeting on April 22, 2025 and approved several items. The board has appointed M/s. Jain Kedia & Sharma as Statutory Auditors to fill the casual vacancy caused by the resignation of the previous auditors, M/s Ravi Shah & Co. Mr. Jashubhai M Patel has been re-appointed as Independent Director for a second 5-year term, subject to shareholder approval. The board also appointed Mr. Kirti Bhavsar as Internal Auditor and Mr. Amrish Gandhi as Secretarial Auditor for FY 2024-25. An Extraordinary General Meeting has been scheduled for May 16, 2025 (via video conferencing) to seek shareholder approval for the auditor appointment and director re-appointment. The Register of Members will be closed from May 10 to May 16, 2025, with the e-voting cut-off date set as May 9, 2025.
The mid-term change of statutory auditors may raise governance questions among investors, though the company is filling the vacancy promptly with an established 35-year-old firm. The re-appointment of the existing Independent Director provides continuity. Shareholders should review the EGM resolutions and exercise their voting rights before the May 9 cut-off date.