Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform that the Board in their meeting held today approved the appointment of M/s. Chirag Shah & Associates as ....
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The Board of Directors of Vishal Fabrics Ltd, at its meeting held on May 21, 2025, approved the appointment of M/s. Chirag Shah & Associates (CoP: 3498), a Practicing Company Secretary firm based in Ahmedabad, as the Secretarial Auditor of the Company. The appointment is for a period of five consecutive years, covering FY 2025-26 through FY 2029-30, and is subject to shareholder approval at the ensuing Annual General Meeting. The firm, established in 2000 and led by Mr. Chirag B Shah (a Fellow Member of ICSI with over 21 years of experience), serves around 350 clients across India and specialises in corporate laws, listing compliances, secretarial audits, and corporate governance. The appointment was made on the recommendation of the Audit Committee.
This is a routine compliance-related appointment with no material impact on the company's financials or operations. Shareholders will get to vote on the appointment at the upcoming AGM, but it does not signal any governance concerns or strategic changes.