AGM approves two director appointments and new statutory auditor
Mrs. Indu Shaktibhusan Shukla as Non-executive Non-Independent Director, w.e.f. September 1, 2026, liable to retire by rotation.
- Director Appointment 1
- Mrs. Indu Shaktibhusan Shukla as Non-executive Non-Independent Director, w.e.f. September 1, 2026
- Director Appointment 2
- Mr. Mrugesh Arvindbhai Suthar as Non-executive Independent Director for 5 consecutive years, w.e.f. September 1, 2026
- Statutory Auditor Appointment
- M/s Supal Shah & Associates as statutory auditor for term of 5 years
- AGM Date
- September 26, 2026
- Director Experience
- Mr. Mrugesh Arvindbhai Suthar has close to 40 years of banking experience
What was approved
At the Annual General Meeting held on September 26, 2026, shareholders approved three resolutions relating to the board and the auditor.
- Mrs. Indu Shaktibhusan Shukla appointed as a Non-executive Non-Independent Director, liable to retire by rotation, with effect from September 1, 2026. She holds a Bachelor's degree in Commerce and worked in the accounting department of GTPL for 4 years, with knowledge of accounting standards and accounting software.
- Mr. Mrugesh Arvindbhai Suthar appointed as a Non-executive Independent Director for a period of five consecutive years with effect from September 1, 2026. He is a banking professional with close to 40 years of experience in branch, business development and credit management, and recently superannuated as Senior Vice President-II (Circle Head - Gujarat East) at Axis Bank, with expertise in retail and MSME banking.
- M/s Supal Shah & Associates appointed as statutory auditor, date of appointment September 26, 2026, term of appointment 5 years, with remuneration to be fixed. The firm specialises in indirect taxation (GST), banking audits, trust compliance and financial management.
Other details
Neither director is related to any other director of the company, and both are stated to be not debarred from holding office of director pursuant to any SEBI order.
The resolutions were passed based on voting results and the Scrutinizer's Report from M/s SCS & Co LLP, Practising Company Secretaries, dated September 29, 2026.
How to read this
This is a governance-level change: the board adds one non-independent and one independent director, and the company moves to a newly appointed statutory audit firm. No financial impact figures accompany the approvals.
More numbers
- Independent director termfive consecutive years
- Statutory auditor term5 years
- Mr. Suthar's banking experienceclose to 40 years
- Mrs. Shukla's experience at GTPL accounting department4 years
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