Appointment
Price
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Awaiting price reaction for this filing.
On 28th May 2025, Varyaa Creations' board approved the appointment of Ms. Kusum Naheta as an Additional Non-Executive Director. She is the mother-in-law of existing directors Sarika Naheta and Pooja Naheta, making this a family-related board addition. The board also replaced its statutory auditor — M/s Bhatter and Company, which was itself filling a casual vacancy caused by the previous auditor's resignation, declined to conduct the FY2024-25 audit citing personal reasons. M/s Hiren Buch Associates has been appointed in their place, subject to shareholder approval. This is the second auditor change in quick succession for the company.
Adding a family member to the board may draw governance concerns from minority shareholders. The back-to-back auditor change is unusual and could raise questions about audit continuity, though the company has cited personal reasons for the change.