Board Approves Internal Auditor, Additional Independent Director and Kolkata Branch Office

M/s. Mahesh Sharma & Associates as Internal Auditor for FY 2026-27 to 2030-31 at ₹25,000 per annum plus taxes.

Fri 9 Oct 2026

Internal Auditor Fee

₹25,000 per annum plus applicable taxes

Internal Auditor Tenure

FY 2026-27 to 2030-31

Kolkata Branch Rent

₹20,000/- per month with effect from 01/10/2026

Internal Auditor appointed

The board approved the appointment of M/s. Mahesh Sharma & Associates, Chartered Accountants (Firm Registration No. 014330N), as the internal auditor of the company for the financial years 2026-27 to 2030-31, at a professional fee of ₹25,000 per annum plus applicable taxes, on mutually agreed terms and conditions. The stated rationale is to assist the company in reviewing and strengthening its internal control systems, risk management processes and operational efficiency, and to support compliance with applicable laws and regulatory requirements. The firm has been in practice since August 1996, according to the profile enclosed with the update.

New Independent Director

Mr. Chandrashekhar Singh (DIN: 05131693) has been approved as an Additional Director in the category of Non-Executive Independent Director with effect from 09 October 2026. He will hold office up to the date of the ensuing Annual General Meeting. His appointment as an Independent Director for a term of five consecutive years is subject to approval of the shareholders and compliance with applicable statutory requirements. He has furnished a declaration that he meets the criteria of independence, and the company confirms that he is not debarred from holding the office of Director by any SEBI or other authority order. He holds NIL shares in the company and is not related to any of the existing directors. His profile describes him as a serial entrepreneur, AI business coach and motivational speaker, with qualifications including an MCA, an LL.B. from the University of Delhi and a Post Graduate Certificate in Enterprise Management from IIT Delhi.

Kolkata branch office

The board considered and approved, in principle, a proposal to establish a branch office at 19, N.S. Road, 2nd Floor, Kolkata – 700001, Standard Chartered Bank Building, Kolkata, West Bengal. The premises are to be taken on rent at a monthly rental of ₹20,000/- (Rupees Twenty Thousand only), with effect from 01/10/2026. The board was informed that the premises, owned by M/s. Dill Developers Private Limited, are owned by Mr. Suresh Bohra, and that this is a related party transaction in which Mr. Suresh Bohra is a beneficiary. The board noted the related-party aspect and directed that applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 be duly complied with. The stated purpose of the branch is to facilitate the company's business operations, development and coordination in Eastern India with Kolkata as its base. The Company Secretary has been authorised to execute the necessary documents.

Debt assignment and share transaction

The board also approved the Debt Assignment Transaction of Mr. Anuranjan Jha, Pradeep Kumar and Amit Kumar Kushwaha, and the company may enter into a Share Purchase/ Sale transaction of SJM Investments (Delhi) Private Limited.

What the actions involve, in simple terms

• An internal auditor is an outside firm that checks whether a company's internal processes and controls are working; this appointment covers a five-year period at a fixed annual fee.
• An additional independent director is a board member appointed to add outside, independent oversight; here the appointment takes effect immediately but the five-year independent-director term needs shareholder approval.
• A branch office is an operational expansion step; the update flags the rental arrangement as a related party transaction because the premises owner's beneficiary is associated with the company.
• A debt assignment and a possible share purchase/sale transaction involve a transfer of debt interests and a possible transfer of shares of SJM Investments (Delhi) Private Limited.

The meeting commenced at 3:00 P.M. and concluded at 4:20 P.M.

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