Appointment of M/s. G. P. Kapadia & Co., Chartered Accountants, as the Statutory Auditors of the Company to fill the Casual Vacancy and to hold office for a period of 5(Five) years subject ....
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Shreeji Translogistics' board has appointed M/s. G. P. Kapadia & Co. as the new Statutory Auditor to fill the casual vacancy caused by the resignation of M/s. Sanjay C. Shah & Associates. G. P. Kapadia, a firm founded in 1929 and a pioneer of ICAI, will serve a 5-year term up to the 2030 AGM. The board also approved the re-appointment of all four Non-Executive Independent Directors — Shailesh Kamdar, Dharmendra Vora, Satish Shah, and Vivek Shah — for a second 5-year term starting 28 November 2025, subject to shareholder approval. Additionally, the company decided to sell its 51% stake (5,100 shares) in subsidiary TKD Digitrans Tech Private Limited for just Rs. 51,000 at face value, as the subsidiary has a negative net worth of Rs. 48.49 lakhs and contributed only 0.02% to consolidated revenue. Buyers include promoter Wholetime Director Rupesh Shah and promoter group member Rakshit Shah, making this a related-party transaction done at arm's length.
The mid-term auditor change may raise governance questions, though the new auditor is a well-established firm. Selling the loss-making subsidiary for a nominal amount is a minor cleanup move and unlikely to materially affect financials. The re-appointment of all four independent directors ensures board continuity ahead of the AGM.