AGM approves statutory auditor re-appointment, secretarial auditor, 2 independent directors and Joint MD designation

32nd AGM (September 30, 2026) results: shareholders approved re-appointment of KPSJ & Associates LLP as Statutory Auditors, appointment of Jigar Trivedi & Co as Secretarial Auditor, regularisation of 2 Non-Executive Independent Directors.

Sat 3 Oct 2026

Statutory Auditor Re-appointment

KPSJ & Associates LLP re-appointed Statutory Auditor for 5 consecutive financial years (FY 2026-27 to FY 2030-31)

Secretarial Auditor Appointment

Jigar Trivedi & Co appointed Secretarial Auditor for 5 consecutive years (FY 2026-27 to FY 2030-31)

Independent Directors Regularised

Pratik Bharatbhai Panchal and Smitaben Suthar regularised as Non-Executive Independent Directors, each for a first term of 5 consecutive…

Designation Change

Rutvikbhai Mukeshbhai Beladiya's designation changes from Non-Executive Non-Independent Director to Joint Managing Director for 5 years…

AGM Details

32nd AGM held on September 30, 2026 through video conferencing / other audio-visual means; all five items approved by shareholders

Five shareholder approvals from the 32nd Annual General Meeting

The company informed the exchanges about the businesses approved by shareholders at its 32nd Annual General Meeting, held on Wednesday, September 30, 2026, through video conferencing or other audio-visual means.

Statutory Auditors

• M/s. KPSJ & Associates LLP, Chartered Accountants, is re-appointed as Statutory Auditor.
• Term: 5 consecutive financial years, FY 2026-27 to FY 2030-31, until the conclusion of the 37th Annual General Meeting.
• The re-appointment takes effect from the conclusion of the 32nd Annual General Meeting.
• The firm was established in 2003 and the update describes more than 21 years of experience.

Secretarial Auditor

• M/s. Jigar Trivedi & Co, Practicing Company Secretaries, is appointed as Secretarial Auditor.
• Term: 5 consecutive years, FY 2026-27 to FY 2030-31.

Independent Directors

• Mr. Pratik Bharatbhai Panchal was appointed as an Additional Director (Non-Executive Independent) with effect from July 07, 2026. Shareholders approved his regularisation as a Non-Executive Independent Director, not liable to retire by rotation, for a first term of 5 consecutive years from July 07, 2026 to July 06, 2031.
• Ms. Smitaben Suthar was appointed as an Additional Director (Non-Executive Independent) with effect from July 17, 2026. Shareholders approved her regularisation as a Non-Executive Independent Director, not liable to retire by rotation, for a first term of 5 consecutive years from July 17, 2026 to July 16, 2031.

Change in designation

• Mr. Rutvikbhai Mukeshbhai Beladiya's designation changes from Non-Executive Non-Independent Director to Joint Managing Director of the company.
• He is liable to retire by rotation, and the term is 5 years with effect from September 30, 2026.

How a retail investor can read this

• These are governance and leadership items rather than business or order-related announcements.
• The auditor appointments cover fixed multi-year terms, which points to continuity in the audit and secretarial compliance functions.
• Both independent directors were already on the board as additional directors; the shareholder vote regularises those appointments for a defined first term.
• The designation change moves a director into a managerial position for a defined five-year period, and he will be liable to retire by rotation.
• The overall tone of the intimation is routine and administrative, formalising board and audit positions after the AGM.

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