Board Outcome: Registered Office Shifted, Auditor and Independent Director Reappointments, CFO Change

Registered office shifted to "Ashapuri Corporate House", Navrangpura, Ahmedabad - 380009.

Tue 6 Oct 2026

Registered Office

"Ashapuri Corporate House", Navrangpura, Ahmedabad - 380009

Statutory Auditor Reappointment

M/s Shivam Soni & Co. proposed for reappointment as statutory auditor for a second term of five years

Management Change

CFO resigns; CEO resigns and is appointed CFO

The Board of Directors of Ashapuri Gold Ornament Ltd met on October 06, 2026 and approved a set of proposals, several of which are placed before shareholders at the upcoming 18th Annual General Meeting. The meeting was held at around 06:00 p.m. IST and closed at around 8:00 p.m. IST.

What the Board approved

• Revised Draft Director Report, along with its annexures, for the year ended March 31, 2026.
• Revised Notice calling the 18th AGM of the members and other matters related to it.
• Reappointment of M/s Shivam Soni & Co., Chartered Accountants, as statutory auditor of the Company for a second term of five years.
• Reappointment of Shri Saurabh G Patel as a Non-Executive Independent Director of the Company for a second term of five years.
• Proposal for increasing the remuneration of Mr. Saremal Soni, Chairman and Managing Director, Mr. Dineshkumar Soni, Managing Director and Mr. Jitendrakumar Soni, Joint Managing Director, which is subject to approval of members at the AGM.
• Proposal for a related party transaction for approval of members at the AGM.
• Shifting of the registered office of the Company to "Ashapuri Corporate House", 2/F Ravish Aprt., Near Jalaram Chass Wala, Navrangpura Bus Stand Road to Swastik Cross Road, Navrangpura, Ahmedabad, Gujarat, India - 380009.
• Appointment of M/s. Mukesh H. Shah & Co., Company Secretaries, Ahmedabad as the Scrutinizer to scrutinize remote e-voting and voting at the 18th AGM.

Registered office shift

The registered office of the Company moves to "Ashapuri Corporate House", 2/F Ravish Aprt., Near Jalaram Chass Wala, Navrangpura Bus Stand Road to Swastik Cross Road, Navrangpura, Ahmedabad, Gujarat, India - 380009.

Statutory auditor reappointment

The stated reason is completion of the first term of five years at the upcoming AGM. Based on the recommendation of the Audit Committee, the Board approved the proposal for reappointment of M/s. Shivam Soni & Co. (FRN: 152477W) as Statutory Auditors for a term of 5 (five) consecutive years, from the conclusion of the 18th AGM to be held in the year 2026 till the conclusion of the 23rd AGM to be held in the year 2031, subject to approval of the members and other statutory requirements. The firm is described as a peer reviewed Chartered Accountants firm based in Ahmedabad.

Independent director reappointment

The first term of five years of Mr. Saurabh Govindbhai Patel completes on 30th December, 2026. On the recommendation of the Nomination & Remuneration Committee, the Board has proposed his reappointment as a Non-Executive Independent Director for another 5 (five) years with effect from 30th December, 2026, subject to the approval of the shareholders at the forthcoming AGM. He holds a B.Com. degree and has an experience of more than 20 Years in the banking and finance field.

Senior management changes

• Mr. Jitendrakumar Soni is resigning from the office of Chief Financial Officer due to realignment of roles and responsibilities within the senior management team, with cessation with effect from October 06, 2026.
• Mr. Jenik Dineshkumar Soni is resigning from the office of Chief Executive Officer and is being appointed as Chief Financial Officer of the Company.

What goes to shareholders

The reappointment of the statutory auditor and of the Non-Executive Independent Director is subject to approval of shareholders at the upcoming AGM. The proposal to increase the remuneration of the Chairman and Managing Director, the Managing Director and the Joint Managing Director is subject to approval of members at the AGM, and the related party transaction is also proposed for approval of members at the AGM.

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