Shareholders Approve New Statutory Auditors and Re-appointment of Three Independent Directors at 15th AGM
At the 15th AGM held on 28.09.2026 (3:30 PM to 4:23 PM), shareholders approved M/s. N.K. Aswani & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31), and the re-appointment of Sushil Kumar Gangwal.
- New Statutory Auditors
- M/s. N.K. Aswani & Co., Chartered Accountants
- Auditor Appointment Term
- 5 consecutive years (FY 2026-27 to FY 2030-31)
- Re-appointed Independent Directors
- Sushil Kumar Gangwal, Sunil Chordia, Vikas Kaler
- Previous Auditors
- M/s. Keyur Shah & Co. (term concluded at 15th AGM)
- AGM Date and Duration
- 28.09.2026 (3:30 PM to 4:23 PM)
What happened
Shareholders at the 15th Annual General Meeting held on 28.09.2026, which began at 03:30 P.M. and concluded at 04:23 P.M., approved routine governance resolutions.
Resolutions approved
- Appointment of M/s. N.K. Aswani & Co., Chartered Accountants, a peer reviewed proprietorship firm, as Statutory Auditors for a term of 5 consecutive years, from financial year 2026-27 to 2030-31.
- Re-appointment of Mr. Sushil Kumar Gangwal as Non-Executive Independent Director.
- Re-appointment of Mr. Sunil Chordia as Non-Executive Independent Director.
- Re-appointment of Mr. Vikas Kaler as Non-Executive Independent Director.
Auditor change
The term of the earlier auditors, M/s. Keyur Shah & Co., Chartered Accountants, a peer reviewed partnership firm, for 5 years ends at the conclusion of the 15th AGM. The new appointment runs from the conclusion of the 15th AGM until the conclusion of the 20th AGM. The recommendation came from the Audit Committee and the Board, based on the firm's audit experience, market standing, technical expertise, resource strength and independence standards. The new firm's peer reviewed certificate is valid up to 31st May, 2028.
Independent director detail
Mr. Sushil Kumar Gangwal was first appointed with effect from 25th May, 2022 for a 5-year term. His second term of 5 consecutive years starts 25th May, 2027, not liable to retire by rotation. He retired from Rajasthan Finance Corporation, Jaipur as Deputy Manager with nearly 38 years of experience in finance, covering sanction, disbursement and recovery. He is not related to any other director. The Board confirmed he continues to meet the independence criteria.
How to read it
This is a standard outcome of an annual general meeting. The auditor rotation follows the completion of the previous firm's fixed term, and the director re-appointments were supported by performance evaluation and committee recommendations.
More numbers
- Statutory auditor termfive consecutive years
- Independent director second term5 (Five) consecutive years
- Experience of Mr. Sushil Kumar Gangwalnearly 38 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.