AGM approves new Independent Director and appointment of new Statutory Auditor for five years

Mr. Virendra Choubisa as Non-Executive Independent Director for 5 consecutive years, effective September 03, 2026 to September 02, 2031.

Wed 30 Sep 2026

New Independent Director

Mr. Virendra Choubisa appointed as Non-Executive Independent Director for 5 consecutive years, effective September 03, 2026 to September…

New Statutory Auditor

M/s Vimal C Surana & Co., Chartered Accountants appointed as Statutory Auditor for 5 consecutive years, from AGM of FY 2026-27 till AGM in…

Outgoing Auditor Tenure End

M/s VRSK & Co. LLP tenure completed on September 30, 2026, after being appointed for five years on September 29, 2021

AGM Date

32nd AGM held on September 30, 2026

What was approved

• The 32nd AGM was held on September 30, 2026 through video conferencing, commencing 11:30 A.M. and concluding 12:28 P.M.
• Appointment of Mr. Virendra Choubisa as a Non-Executive Independent Director for a term of 5 consecutive years, with effect from September 03, 2026 to September 02, 2031.
• Appointment of M/s Vimal C Surana & Co., Chartered Accountants as Statutory Auditor for five consecutive years, from the AGM of Financial Year 2026-27 until the conclusion of the AGM to be held in Financial Year 2031-32, at remuneration decided by the Board in consultation with the auditor.
• Completion of tenure of M/s VRSK & Co. LLP, Chartered Accountants as Statutory Auditors.

About the new director

• Holds a Bachelor of Arts degree from Mohanlal Sukhadia University, Udaipur, with History and Sanskrit as majors, awarded in 1998.
• Stated to have professional expertise in Finance and experience in Accounting, with over 15 years of professional experience in the education sector.
• Teacher at Abhinav School from July 2009 to December 2023; with Happy Home School since July 2025, teaching History and Accounting.
• He is not related to any director of the Company and is not debarred from holding office of director by SEBI or any other authority.

About the incoming auditor

• Udaipur-based Chartered Accountancy firm with experience of more than 12 years in tax and statutory audit work.
• Assignments cited include statutory audit of Udaipur Dugdh Utpadak Sahkari Sangh Ltd., internal audit of Rajsamand Zila Dugdh Utpadak Sahkari Sangh Ltd., cooperative society audits, bank branch revenue audits, stock audits and concurrent audits.

Outgoing auditor

• M/s VRSK & Co. LLP was appointed Statutory Auditor on September 29, 2021 for a tenure of five consecutive years; the tenure concluded with this AGM. The change is described as completion of tenure, not a resignation or removal.

What it means for investors

This is a governance and board-composition update following shareholder approval at the AGM. It does not by itself change the company's operations, orders or financials. Investors may note the profile disclosed for the incoming independent director and the change in the audit firm.

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