Attached herewith is the outcome of the Board Meeting held today i.e. on Monday, 25th August, 2025.
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The Board approved appointing M/s. G. P. Kapadia & Co. (FRN: 104768W, founded 1929) as the new Statutory Auditor for five years, filling the casual vacancy left by the resignation of M/s. Sanjay C. Shah & Associates. Four Independent Directors — Shailesh Kamdar, Dharmendra Vora, Satish Shah and Vivek Shah — were cleared for a second 5-year term effective 28 November 2025, subject to shareholder approval via special resolution. The Board also approved selling its 51% stake (5,100 shares) in subsidiary TKD Digitrans Tech Private Limited at face value of Rs. 10 per share, even though the subsidiary has a negative networth of Rs. 48.49 lakhs and contributed only 0.02% to consolidated revenue. Buyers include promoter Rupesh Shah (Wholetime Director) and Rakshit Shah (promoter group), making it a related party transaction done at arm's length.
Investors should note the mid-term auditor change and the sale of a loss-making subsidiary to promoter-related buyers at face value — though routine, these governance items may prompt shareholder questions at the upcoming AGM.